Result of AGM

1 November 2012                                

                         STRATEGIC EQUITY CAPITAL PLC

                               (THE "COMPANY")

                                                                               
                       RESULT OF ANNUAL GENERAL MEETING                        



Following the Annual General Meeting held today, the Company is pleased to
announce that shareholders passed all the resolutions contained in the notice
of meeting. 

 
Resolutions 1 to 10 related to Ordinary Business.  Resolutions 11 to 16 related to 
Special Business, as set out below:
 
Resolution 11:  To continue the Company as an Investment Trust
 
Resolution 12:  To authorise Directors to allot shares
 
Resolution 13: To authorise the Directors to allot shares having disapplied pre-emption rights.
 
Resolution 14: Authority for the Company to purchase its own shares
 
Resolution 15: To authorise the Directors to implement the semi-annual tender offer on the terms 
set out in the circular issued to shareholders on 4 October 2012.
 
Resolution 16: To authorise the Directors to implement a semi-annual tender offer in May 2013.
 
All resolutions with the exception of Resolution 11 were passed on a show of hands. 
 
Resolution 11 (continuation as an investment company) was passed by way of a poll:

 
 
                            For             Against           Votes                   
                                                             Withheld            
                                 %                  %                  Total Votes Cast                  
                               Votes              Votes                   (excl. Votes   
                      Votes     Cast     Votes     Cast       Votes         Withheld)               
                                                                                
Resolution 11                                                                            
(continuation      32,157,280  62.21  19,531,644  37.79         0          51,688,924      
of the Company                                                                          
as an                                                                                   
Investment 
Trust)                                                                       
                                                                                         
                                                                                         
                                                                                         
                                                                                         
 

 
The proxy voting for resolutions other than Resolution 11 is set out below for information.

 

                  For            Against      Discretion      Votes            
                                                             withheld                         
                                                                           Total   
                                                                         Votes Cast
                        %                 %           %                    (excl.  
                      Votes             Votes       Votes                  Votes   
Resolution   Votes     Cast    Votes    Cast  Votes Cast      Votes      Withheld) 
                                                                                   
         1 41,379,958 100.00          0  0.00     0  0.00      6,561,981 41,379,958
                                                                                   
         2 41,347,703  99.92     32,255  0.08     0  0.00      6,561,981 41,379,958
                                                                                   
         3 41,379,958 100.00          0  0.00     0  0.00      6,561,981 41,379,958
                                                                                   
         4 37,059,958  99.95     20,000  0.05     0  0.00     10,861,981 37,079,958
                                                                                   
         5 37,079,958 100.00          0  0.00     0  0.00     10,861,981 37,079,958
                                                                                   
         6 37,079,958 100.00          0  0.00     0  0.00     10,861,981 37,079,958
                                                                                   
         7 37,079,958 100.00          0  0.00     0  0.00     10,861,981 37,079,958
                                                                                   
         8 36,765,607  99.83     61,775  0.17     0  0.00     11,114,557 36,827,382
                                                                                   
         9 41,379,958 100.00          0  0.00     0  0.00      6,561,981 41,379,958
                                                                                   
        10 41,379,958 100.00          0  0.00     0  0.00      6,561,981 41,379,958
                                                                                   
        12 37,079,958  77.34 10,861,981 22.66     0  0.00              0 47,941,939
                                                                                   
        13 36,827,382  77.22 10,861,981 22.78     0  0.00        252,576 47,689,363
                                                                                   
        14 43,609,684  90.96  4,332,255  9.04     0  0.00              0 47,941,939
                                                                                   
        15 43,641,939  91.03  4,300,000  8.97     0  0.00              0 47,941,939
                                                                                   
        16 43,641,939  91.03  4,300,000  8.97     0  0.00              0 47,941,939
                                                                                   

 

Enquiries:

 

Capita (Company Secretary)      
Tracey Brady                                    01392 477 513

 

SVG Investment Managers Limited                 0207 010 8996
Theresa Russell
Adam Steiner