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GMIT Securities PLC (GMTZ)

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Thursday 14 June, 2001

GMIT Securities PLC

Final Results

GMIT Securities PLC
14 June 2001

                         STOCK EXCHANGE ANNOUNCEMENT

                             GMIT SECURITIES PLC

                Announcement of Preliminary Unaudited Results

          for the period from 26th September 2000 to 30th April 2001



The Directors announce the Company's Unaudited Results for the period from
26th September 2000 to 30th April 2001:-



Total Return

Period from 26th September 2000 to 30th April 2001

                                           Revenue      Capital    Total Return
                                             £'000        £'000           £'000
Income and Capital Profits

Accrued redemption premium                       -        1,911           1,911
                                        ----------    ---------      ----------

Return before and after Expenses

and Taxation                                     -        1,911           1,911
                                        ----------    ---------       ---------

Appropriated to Non-Equity Shareholders

Redemption premium reserve -

Zero Dividend Preference shares                  -      (1,911)         (1,911)
                                        ----------    ---------       ---------

Return to Equity Shareholders

transferred to/(from) reserves                   -            -               -
                                        ----------    ---------       ---------

Total Return per share:                          -         1.8p            1.8p

Zero Dividend Preference share

Note:

The revenue column shown above represents the Revenue Account of the Company.

All revenue and capital items derive from continuing activities. No operations
were acquired or discontinued in the period.

                                                                          At
                                                             30th April 2001

Balance Sheet                                                          £'000

Current assets
                                                  
Debtors                                                               104,246

Total Assets, less Current Liabilities                            -----------
                                                                      104,246

Capital and Reserves                                              -----------

Called-up share capital                                                 1,044

Share premium account                                                 101,291

Redemption premium reserve                                              1,911

Shareholders' Funds                                               -----------

                                                                      104,246
                                                                  -----------

Attributable to:

Non-equity shareholders                                               104,246

Equity shareholders                                                         -
                                                                   -----------

                                                                       104,246
                                                                   -----------

Net Asset Value per share:

Zero Dividend Preference shares                                          99.8p

Ordinary shares                                                              -





The results for the period from 26th September 2000 to 30th April 2001 are
unaudited and do not constitute statutory accounts under the Companies Act
1985. Statutory accounts for the period to 30th April 2001, on which the
auditors will report, will be delivered to the Registrar of Companies in due
course.



Review of the Period from 26th September 2000 to 30th April 2001

The Company was incorporated on 26th September 2000 as a public limited
company. The Company operated as an investment company throughout the period.
No changes were made in its investments during the period.

In February 2001, 200 Ordinary shares were issued to the Company's parent,
Gartmore Monthly Income Trust PLC. The Company issued 104,423,106 Zero
Dividend Preference shares on 14th February 2001. The Company remains a
wholly-owned subsidiary of Gartmore Monthly Income Trust PLC

The financial information set out in the announcement does not constitute the
Company's statutory accounts for the period ended 30th April 2001. The
statutory accounts for the period to 30th April 2001 will be finalised on the
basis of the information presented by the Directors in this preliminary
statement and will be delivered to the Registrar of Companies following the
Company's Annual General Meeting.



Annual Report and Accounts

The Report and Accounts for the period to 30th April 2001 is shown as an
Appendix to the Report and Accounts of Gartmore Monthly Income Trust PLC and
will be posted to shareholders shortly. Copies will also be available from the
Registered Office of the Company: Gartmore House, 8 Fenchurch Place, London
EC3M 4PH.

The Annual General Meeting for 2001 will be held at the Company's Registered
Office on Tuesday, 31st July 2001, at 2.45 p.m.





GMIT Securities PLC

Gartmore Investment Limited - Secretaries



14th June 2001







                                                                                
                                                                                
   

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