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Scottish Value Tst (HAST)

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Friday 23 March, 2001

Scottish Value Tst

EGM Statement

Scottish Value Trust PLC
23 March 2001


News Release

23 March 2001





                           SCOTTISH VALUE TRUST PLC





Scottish Value Trust has today announced that at the Extraordinary General
Meeting held in Edinburgh this morning, the Resolutions set out in the
Circular issued to shareholders on 28 February :-


 1. to approve the merger with Warrants and Value Investment Trust plc,
    increase the authorised share capital and authorise the Directors to allot
    shares;

 2. to increase the limit on directors remuneration in the Articles; and

 3. to cancel the share premium account;


were all passed unanimously.

In compliance with the provisions of the Combined Code, the level of proxies
received for each of these Resolutions was announced to the Meeting as
follows. A total of 221 proxy forms representing 4.6 million shares were
lodged with the Registrars and the votes were cast as follows :-

                            For               Against            Abstain
Resolution 1                99.3%             0.2%               0.5%
Resolution 2                98.2%             1.3%               0.5%
Resolution 3                99.2%             0.3%               0.5%










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