Result of EGM

RNS Number:4577Y
Rutland Trust PLC
15 June 2007

Not for release, publication or distribution, in whole or in part, in or into
the United States, Canada, Australia or Japan.



15 June 2007



Rutland Trust PLC (the "Company")





Proposed reconstruction and winding up of the Company



Result of First EGM


The Board of Rutland Trust PLC (the "Company") announces that at the First
Extraordinary General Meeting of the Company held today, the resolutions put to
the meeting were duly passed.

The implementation of the Proposals is conditional on the passing of the
resolutions proposed at the Second Extraordinary General Meeting on 2 July 2007.
Pursuant to the resolutions passed at the First Extraordinary General Meeting,
the resolutions at the Second Extraordinary General Meeting will be deemed to
have been passed upon the Second Extraordinary General Meeting being convened,
irrespective of voting proportions

Terms used in this announcement shall have the same meaning as those set out in
the circular to shareholders dated 23 May 2007. Copies of the resolutions passed
have been submitted to the Document Viewing Facility of the UK Listing Authority
and will shortly be available for inspection at:

Financial Services Authority
25 The North Colonnade
Canary Wharf
London E14 5HS
Tel. No. (0)20 7066 1000


Expected Timetable:


                                                                                  2007


Latest date and time for receipt of Forms of Election                             5.00 p.m. on 25 June

Latest date and time for receipt of TTE instructions from Shareholders holding
Shares in CREST

Share register closed

Record Date for entitlements under the Scheme


Share register for Reclassified Shares opened and Reclassified Shares listed and  8.00 am on 28 June
admitted to trading


Calculation Date (for valuation of the Company's assets under the Scheme)         close of business on 29
                                                                                  June


Latest date and time for receipt of Forms of Proxy for Second Extraordinary       9.00 am on 30 June
General Meeting


Effective Date for the implementation of the Proposals and commencement of the    2 July
Liquidation


Share register for Reclassified Shares closed and dealings in Reclassified Shares 7.30 am on 2 July
suspended


Second Extraordinary General Meeting                                              9.00 am on 2 July

Liquidators appointed


Allotment of NSPEIT Shares under the Scheme becomes effective and relevant NSPEIT 8.00 am on 3 July
Shares admitted to listing

CREST accounts of Shareholders holding Shares in uncertificated form credited
with NSPEIT Shares


Cheques posted to Shareholders that have elected for cash (or payments made by    From 3 July
means of CREST payment mechanisms for Shareholders holding Shares in

uncertificated form who have elected for cash)

Certificates posted in respect of NSPEIT Shares issued in certificated form









Enquiries

Michael Langdon                                                 020 7556 2600
Chairman, Rutland Partners LLP

Ravi Anand                                                      020 7225 9200
New Star Asset Management Limited

Howard Myles                                                    020 7951 2000
Ernst & Young LLP





JPMorgan Cazenove Limited, which is regulated in the United Kingdom by the
Financial Services Authority, is acting for August and no-one else in connection
with the proposals  and will not be responsible to anyone other than August for
providing the protections afforded to clients of JPMorgan Cazenove Limited or
for providing advice in relation to the proposals.



Ernst & Young LLP, which is regulated in the United Kingdom by the Financial
Services Authority, is acting for Rutland and no-one else in connection with the
proposals and will not be responsible to anyone other than Rutland for providing
the protections afforded to clients of Ernst & Young LLP or for providing advice
in relation to the proposals.



This announcement does not constitute, or form any part of, any offer for, or
solicitation of any offer for, securities.  Any acceptance or other response to
the Proposals should be made on the basis of the information contained in the
Circular.








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