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Aberdeen Dev Cap PLC (AVC)

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Friday 03 August, 2007

Aberdeen Dev Cap PLC

Result of EGM

Aberdeen Development Capital PLC
03 August 2007

                                 3 August 2007

                       Aberdeen Development Capital PLC,

                              ADC ZEROS 2010 PLC

                                     and

                              ADC ZEROS 2012 PLC
                  (together the "Companies" or the "ADC Group")

               RECOMMENDED PROPOSALS FOR THE FUTURE OF THE ADC GROUP
                          RESULT OF SHAREHOLDER MEETINGS


The Board announces that the resolutions proposed at the ADC EGM, the 2010 ZDP
Shareholders' Class Meeting, the ADC Zeros 2010 EGM, the 2012 ZDP Shareholders'
Class Meeting and the ADC Zeros 2012 EGM held earlier today were duly passed.
Accordingly, the proposed changes to ADC's investment objective and policy, the
Capital Reductions, the return of capital to Shareholders through a combination
of the Capital Return Scheme and the Buy Back Programme, the amendments to the
articles of association of ADC Zeros 2010 and ADC Zeros 2012 and the proposed
changes to ADC's management fee arrangements with AAM have been approved by
Shareholders.

The Capital Return Scheme and the Buy Back Programme remain conditional on the
Court sanctioning the Capital Reductions.  The Companies will now apply for
Court approval of the Capital Reductions and it is expected that such approval
will be granted in October or November 2007.

Copies of the resolutions passed at the Shareholder meetings will be delivered
to the UK Listing Authority shortly and will then be available for inspection at
the UK Listing Authority's Document Viewing Facility, which is situated at:

Financial Services Authority
25 The North Colonnade
Canary Wharf
London E14 5HS

Tel: 020 7066 1000

Enquiries
Sue Inglis                  Intelli Corporate Finance Limited                  Tel: 020 7653 6300
Derek Gault                 Aberdeen Asset Managers Limited                    Tel: 01224 428713

Notes

Intelli, which is authorised and regulated in the United Kingdom by the
Financial Services Authority, is acting solely for the Companies and for no one
else in connection with the Proposals and will not regard any other person as
its client or be responsible to anyone other than the Companies for providing
the protections afforded to clients of Intelli or for providing advice in
relation to the Proposals or the contents of this announcement.

Unless the context otherwise requires, terms used in this announcement shall
bear the meanings given to them in the circular to the Companies' shareholders
dated 11 July 2007.


                      This information is provided by RNS
            The company news service from the London Stock Exchange                                                                                          

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