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LMI Int'l Utilities (LIU)

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Friday 31 October, 2003

LMI Int'l Utilities

EGM Statement


LeggMason Investors International Utilities Trust Plc (the 'Company')

The Directors announce that all resolutions as set out in the Circular to
Shareholders dated 29 September 2003 were passed at the Second Extraordinary
General Meeting of Shareholders held on 30 October 2003. As a result, the
Company was placed into voluntary liquidation with immediate effect.

Elections and deemed elections to roll into Premier Utilities Trust plc
('PUT'), the Company's successor vehicle, were received in respect of
39,548,639 Ordinary Shares in the Company, 26,902,411 Income Shares in the
Company and 12,565,495 Zero Coupon Preference Shares in the Company.

The calculation of the terminal asset value of the Income Shares has been
delayed pending clarification of a potential tax provision. It is expected that
this will be determined later today. Once determined, the terminal asset value
and corresponding ratio of ordinary shares and zero dividend preference shares
in PUT allotted to Zero Coupon Preference Shareholders in the Company electing
or deemed to have elected for shares in PUT will also be announced later today.

Dealings in the securities of PUT are expected to commence on the London Stock
Exchange on 3 November 2003.

Cheques in respect of elections for cash are expected to be despatched during
the week commencing 10 November 2003.


Paul Richards

Collins Stewart Limited 0207 523 8350