Result of EGM

RNS Number:5689R
Dresdner RCM Endwmt PlcyTst 2003PLC
31 October 2003





31 October 2003



Dresdner RCM Endowment Policy Trust 2003 plc (the "Company")

Result of Second Extraordinary General Meeting



The Board of Dresdner RCM Endowment Policy Trust 2003 plc announces that at the
Second Extraordinary General Meeting of the Company held earlier today, the
resolutions put to the meeting were duly passed.  Accordingly, the Company has
been placed in members' voluntary liquidation and Richard Victor Yerburgh
Setchim and Ian Christopher Oakley Smith have been appointed as liquidators to
the Company.



In respect of the BPT Option and the Bond Fund Option, for each Ordinary Share
held in the Company, Shareholders will receive either:



*         1.7560 new BPT Shares; or



*         1.5284 new Bond Fund Shares.



Applications have been made for admission to the Official List and to trading on
the London Stock Exchange of 3,178,764 new BPT Shares to be issued under the
Scheme.  It is expected that dealings in the new BPT Shares will commence at
8.00am on 3 November 2003.  Certificates for new BPT Shares are expected to be
despatched on 3 November 2003.  Contract notes in respect of the Bond Fund
Shares are expected to be despatched on 3 November 2003.



In respect of the Cash Option, Shareholders will receive approximately 213p for
each Ordinary Share held in the Company. It is expected that cheques will be
despatched and CHAPS payments will be made on 19 November 2003*.



* This date has been set to enable the redemption proceeds from the majority of
the endowment policies maturing after the Calculation Date to be received by the
Company prior to distribution.



Enquiries:


Simon White                                           020 7065 1539

Allianz Dresdner Asset Management (UK) Limited

Hugh Field                                            020 7678 8000

Hoare Govett Limited



Terms used in this announcement shall, unless the context otherwise requires,
bear the meanings given to them in the Circular to Shareholders of the Company
dated 26 September 2003.



The contents of this announcement have been approved by Hoare Govett Limited,
250 Bishopsgate, London EC2M 4AA, for the purposes of section 21 of the
Financial Services and Markets Act 2000.



Hoare Govett Limited, which is regulated in the United Kingdom by the Financial
Services Authority, is acting for the Company and for no-one else and will not
be responsible to anyone other than the Company for providing the protections
afforded to customers of Hoare Govett Limited or for providing advice in
relation to the Proposals or any matter referred to herein.


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