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Singer & Frdlndr AIM (SGF)

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Friday 03 February, 2006

Singer & Frdlndr AIM

Merger Update

Singer & Friedlander AIM VCT PLC
03 February 2006


                                                                 3 February 2006

                  SINGER & FRIEDLANDER AIM VCT PLC ('S&F VCT')

                        RESULT OF COURT MEETING AND EGM

The Board of S&F VCT is pleased to announce that, at a Court Meeting and an
Extraordinary General Meeting of its shareholders held earlier today in
connection with the recommended Merger of S&F VCT with S&F 2 VCT and S&F 3 VCT,
the resolutions proposed received the overwhelming support of shareholders.

At the Court Meeting, a majority in number of S&F VCT Shareholders who voted
(either in person or by proxy), representing 98.36 per cent. by value, voted in
favour of the resolution to approve the Scheme.  The resolution was accordingly
passed.  The final result was as follows:

                             By number                           By shareholding
For                           270                                 5,931,985
Against                       7                                   99,000

At the Extraordinary General Meeting, the resolution proposed to approve the
Scheme and provide for its implementation was also passed by the requisite

S&F 3 VCT holds 2 S&F VCT Shares.  S&F 3 VCT did not attend or vote at the Court
Meeting and abstained from voting at the Extraordinary General Meeting.

The Merger remains subject to sanction of the Scheme by the Court and subject to
the satisfaction or waiver of the conditions set out in Part III of the circular
to shareholders of 11 January 2006.  It is anticipated that the S&F VCT Shares
will be suspended from the Official List with effect from 8.00 a.m. on 21
February 2006, that the Court hearing to sanction the Scheme will take place
later that day and that, subject to the satisfaction or waiver of such
conditions and the sanction of the Court, the Scheme will become effective on 22
February 2006, following which the listing of the S&F VCT Shares on the Official
List will be cancelled.

In light of the approval of the Merger by S&F VCT Shareholders, no announcement
will be made of the unaudited net asset value for the S&F VCT Shares as at 31
January 2006.

Terms used in this announcement have the meanings set out in the circular to
shareholders dated 11 January 2006.

The directors of S&F VCT accept responsibility for the information contained in
this announcement.  To the best of the knowledge and belief of the S&F VCT
directors (who have taken all reasonable care to ensure that such is the case),
the information contained in this announcement is in accordance with the facts
and does not omit anything likely to affect the import of such information.


Singer & Friedlander Investment Management Limited

Tel: 020 7623 3000

Andrew Banks

Trina Hill

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