Annual Performance Assessment
The information contained herein is not for release, publication or
distribution in or into Australia, Canada, Japan or the United States, or to
any national of such jurisdictions
4 July 2011
STRATEGIC EQUITY CAPITAL PLC
ANNUAL PERFORMANCE ASSESSMENT
The Board previously committed to bring forward proposals which would be
expected to allow shareholders to realise their investment in the Company in
the event that the Company failed to meet an investment performance test and/or
a discount test, such tests to be measured as at 30 June each year.
The investment performance test requires the NAV total return per share over
the three years ending on the relevant 30 June to have outperformed the total
return on the FTSE SmallCap (ex-Investment Companies) Index over the same
period, whilst the discount test requires the average discount at which the
Company's shares trade relative to their underlying NAV over the three months
ending on the relevant 30 June being no wider than the average discount of the
UK Smaller Companies sector over that period.
The Board is pleased to confirm that the Company has met both of those tests as
at 30 June 2011. The Board is particularly pleased by the Company's strong
investment performance, with the NAV total return per share outperforming the
total return on the FTSE SmallCap (ex-Investment Companies) Index by 15.0
percentage points over the three years ended 30 June 2011 (and by 29.9
percentage points over the 12 months ended 30 June 2011, making the Company one
of the best performers in its peer group over that period).
Enquiries
Sue Inglis/ Canaccord Genuity Limited 020 7050 6779/
Chris Whittingslow 020 7050 6528
Adam Steiner SVG Investment Managers Limited 020 7010 8900
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