Result of AGM

RNS Number:0090Q
Private Investors Capital Trust PLC
22 September 2003



PRIVATE INVESTORS CAPITAL TRUST PLC

RESULT OF ANNUAL GENERAL MEETING

All the resolutions proposed at the Annual General Meeting of the Company held
on Friday 19th September 2003 were passed. In particular,

   *The resolution seeking authority to allot relevant securities under
    section 80 of the Companies Act 1985 was passed. Of the proxy votes cast for
    this resolution, 100% were in favour. Accordingly, the Company now has the
    authority to allot relevant securities (as defined in section 80(2) of the
    Act) of the Company up to an aggregate nominal amount of #3,010,529 during
    the period commencing on 19th September 2003 and expiring on 18th September
    2008 (both dates inclusive).

   *The resolution seeking authority to allot securities on a non-pre-emptive
    basis was passed. Of the proxy votes cast for this resolution, 99.3% were in
    favour. Accordingly, the Company now has the authority to allot equity
    securities of the Company, on a non- pre-emptive basis, up to an aggregate
    nominal amount of #276,579 during the period commencing on 19th September
    2003 and expiring on the date of the next Annual General Meeting or 18th
    December 2004 whichever is the earlier.

   *The resolution seeking a further share buy-back authority was passed. Of
    the proxy votes cast for this resolution, 99.9% were in favour. Accordingly,
    the Company now has the authority for further share repurchases for 829,185
    ordinary shares in the Company being 14.99% of the issued share capital as
    at 19th September 2003.

   *The resolution seeking authority to amend the Company's Articles of
    Association to introduce a continuation vote was passed. Of the proxy votes
    cast for this resolution, 100% were in favour.


Copies of the Special Resolutions passed at the Annual General Meeting of
Private Investors Capital Trust PLC held on 19th September 2003 have been
submitted to the UK Listing Authority, and will shortly 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 No. 020 7676 1000

Enquiries:

Ivan Blair 0131 472 7973

Adam & Company Investment Management Limited


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

END
RAGSEDFFESDSEFU