Regulatory News

Result of EGM

Fri, 24th Feb 2012 09:58

For immediate release on 24 February 2012

The Egypt Trust

EGM statement

The Board of The Egypt Trust (the "Fund") announces that at the EGM held earlier today, each of the resolutions was duly passed with Shareholders voting to approve the liquidation of the Fund and the cancellation of the listing of the Fund's ordinary shares on the Official List of the UK Listing Authority and the Luxembourg Stock Exchange and the trading of such shares on the London Stock Exchange and the Luxembourg Stock Exchange.

A summary of the votes cast in respect of the Resolutions proposed at the EGM is set out below:

	Votes in favour*		Votes against*		% of issued shares voting**
	No. shares	%	No. shares	%
Liquidation Resolution	1,691,087	93.0%	225	0.01%	93.0%
Cancellation Resolution	1,691,087	93.0%	225	0.01%	93.0%

* The "in favour" and "against" votes, where appropriate, include those votes giving the Chairman discretion

*otal number of shares in issue amounted to 1,818,125

In accordance with the passing of the Liquidation Resolution, the Fund has been placed into liquidation pursuant to the Law and KPMG Luxembourg S.à.r.l., represented by Mr Zia Hossen, has been appointed as Liquidator.

The cancellation of listing of the Fund's ordinary shares on the Official List of the UK Listing Authority and the Luxembourg Stock Exchange and the trading of such shares on the London Stock Exchange and the Luxembourg Stock Exchange is expected to take effect on or around 23 March 2012.

Terms used and not defined in this announcement bear the meaning given to them in the circular dated 10 February 2012.

Enquiries:

Kredietrust Luxembourg S.A. +352 4797 4550

Maddy Roose

Westhouse Securities Limited 020 7601 6118

Alastair Moreton

Hannah Young

Related Shares: Egypt Trust (EGP).

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