Voluntary Liquidation

RNS Number:9521H
Leggmason Inv Strat Asset Trust PLC
25 February 2003

LEGGMASON INVESTORS STRATEGIC ASSETS TRUST PLC (in liquidation)

and LEGGMASON INVESTORS STRATEGIC ASSETS SECURITIES PLC (in liquidation)



At the extraordinary general meetings of the above companies held earlier today,
the resolutions to place the companies into creditors' voluntary liquidation and
appoint Jeremy Spratt and Roger Smith of KPMG as joint liquidators were duly
passed. The resolutions proposed at the separate general meeting of the ZDP
holders were also approved. Their appointments were subsequently confirmed at
meetings of the companies creditors.



As indicated in the circular to shareholders dated 7 February 2003, the
companies will apply tomorrow for their listings to be cancelled.



The joint liquidators will be working with the investment manager to realise the
remaining investments which, in current market conditions, may take some time.
As noted in the circular to shareholders, however, it is very unlikely that any
class of shareholder will receive a distribution.





For further information:

Please contact Alan Hurley

or James Eldridge

of KPMG

Tel: [phone]





25 February 2003


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