EGM Statement

Gartmore Distribution Trust PLC and GDT Securities PLC             

                   ('GDT Securities') (together the 'Group')                   

Results of a separate general meeting and an extraordinary general meeting of
GDT Securities

The Board of GDT Securities is pleased to announce that the special resolution
to approve the Board's recommended proposals for the realisation of the Group's
remaining income portfolio in a controlled manner by no later than 30 April
2004 and certain ancillary matters proposed at the extraordinary general
meeting of GDT Securities and the related extraordinary resolution proposed at
the separate general meeting of ZDP shareholders have each been passed.

As previously announced, the Board intends to make further redemption payments
to ZDP shareholders when appropriate, in each case when cash realisations from
the income portfolio of at least £5 million have been achieved. The Group
currently has cash or cash equivalents of £3.2 million (inclusive of the
proceeds of realisations since the shareholder meetings held on 13 May 2002).

As at 24 June 2002 the total assets of the Group (at bid-market price) were
invested as follows:

                                                               %      £ million
                                                                               
Income portfolio                                            86.6           20.6
                                                                               
Net current assets                                          13.4            3.2
                                                                               
Total assets*                                              100.0           23.8

* Inclusive of current period revenue

As at 24 June 2002, the Group's income portfolio was comprised as follows (at
bid-market prices):

                                 % of total assets            %*     £ million*
                                 invested in other                             
                                  split capital or                             
                                high income trusts                             
                                                                               
Class AAA investments                           0%           7.8            1.6
                                                                               
Class AA investments                      0% to 5%          16.5            3.4
                                                                               
Class A investments                      5% to 25%          46.1            9.5
                                                                               
Class B investments                     25% to 50%          20.9            4.3
                                                                               
Class C investments                       Over 50%           8.7            1.8
                                                                               
Total                                                      100.0           20.6

* Source: Gartmore Investment Limited

Enquiries:

Ian Williams                            07939 543 587                          
                                                                               
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