Result of EGM

Result of Extraordinary General Meeting Second Advance Value Realisation Company Limited announces that at the EGM held earlier today, the resolution to wind up the Company and to appoint Jeremy Simon Spratt and Finbarr O'Connell, both of KPMG LLP as liquidators was passed. The Company's ordinary shares remain suspended pending their cancellation, which is expected to take place on 30 June 2005. ---END OF MESSAGE---
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