MGHU.L Regulatory News (MGHU)

19 Mar 2009 16:13

19 March 2009

M&G High Income Investment Trust P.L.C.

Following the Extraordinary General Meeting of the Company and Separate General Meetings of the Capital, Income and Zero Dividend Shareholders held today, the Board is pleased to announce that all the resolutions put to Shareholders were passed, including three special resolutions which:

i. Approve recommended proposals for the issue of new shares and new units in

connection with the Scheme of Reconstruction of M&G Recovery Investment

Company Limited (`the Proposals') and authorise the Directors to allot

securities and disapply pre-emption rights pursuant to the Proposals;

ii. Authorise the Directors to make market purchases of up to 14.99 per cent.

of the Company's issued share capital after the implementation of the

Proposals.

iii. Authorise the Directors to allot shares other than for the purposes of the

Proposals under Section 80 of the Companies Act 1985 and disapply

pre-emption rights under Section 89(1) of the Companies Act 1985.

For further information, please contact:

Jonathan McClellandCompany Secretary020 7548 3027