Result of EGM

 
TIDMEGP 
 
 

For immediate release on 24 February 2012

The Egypt Trust

EGM statement

The Board of The Egypt Trust (the "Fund") announces that at the EGM held earlier today, each of the resolutions was duly passed with Shareholders voting to approve the liquidation of the Fund and the cancellation of the listing of the Fund's ordinary shares on the Official List of the UK Listing Authority and the Luxembourg Stock Exchange and the trading of such shares on the London Stock Exchange and the Luxembourg Stock Exchange.

A summary of the votes cast in respect of the Resolutions proposed at the EGM is set out below:

 
               Votes in favour*         Votes against*         % of issued 
                                                               shares 
                                                               voting** 
               No. shares        %      No. shares      % 
Liquidation    1,691,087         93.0%  225             0.01%  93.0% 
Resolution 
Cancellation   1,691,087         93.0%  225             0.01%  93.0% 
Resolution 
 
 

* The "in favour" and "against" votes, where appropriate, include those votes giving the Chairman discretion

**Total number of shares in issue amounted to 1,818,125

In accordance with the passing of the Liquidation Resolution, the Fund has been placed into liquidation pursuant to the Law and KPMG Luxembourg S.à.r.l., represented by Mr Zia Hossen, has been appointed as Liquidator.

The cancellation of listing of the Fund's ordinary shares on the Official List of the UK Listing Authority and the Luxembourg Stock Exchange and the trading of such shares on the London Stock Exchange and the Luxembourg Stock Exchange is expected to take effect on or around 23 March 2012.

Terms used and not defined in this announcement bear the meaning given to them in the circular dated 10 February 2012.

Enquiries:

Kredietrust Luxembourg S.A. [phone]

Maddy Roose

Westhouse Securities Limited 020 7601 6118

Alastair Moreton

Hannah Young