Result of EGM

RNS Number:5976S
St.David's Inv Tst PLC
27 November 2003


27 November 2003

St. David's Investment Trust PLC ("St. David's")

Result of Class and Extraordinary General Meetings

The Board of St. David's announces that the resolutions proposed at the 2003
Zero Dividend Preference Shareholders Separate General Meeting and Extraordinary
General Meeting of the Company convened for today were duly passed.

The Separate General Meetings of the 2008 Zero Dividend Preference Shareholders,
Preferred Annuity Shareholders and Ordinary Shareholders were adjourned because
they were inquorate. These meetings will be reconvened at One Bow Churchyard,
London EC4M 9HH on 4 December 2003 from 11.01 a.m.

As at 26 November 2003 the Company's gross assets were #54.9 million and the
immediate shortfall between the Company's assets and its bank indebtedness
(including the RPI accrual on the loan facilities of #3.7 million) was #3.5
million. Including the interest rate swap breakage costs the shortfall was #6.1
million.



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