RNS Number:5554T
Govett Strategic Trust plc
22 December 2003

Govett Strategic Trust plc

Result of the Second EGM

The Board of Govett Strategic Trust plc (the "Company") announces that at the
Second Extraordinary General Meeting of the Company held today, 22 December
2003, the resolutions before the meeting were approved by Shareholders.
Accordingly, the Company has been placed in members' voluntary liquidation and
Simon Peter Bower and Michael John Hore of 186 City Road, London EC1V 2NU have
been appointed joint liquidators to the Company.


Entitlements under the Scheme

In accordance with the reconstruction proposals for every share held in the
Company, shareholders will receive 0.36995880 shares in Fidelity Special Values
PLC, or 1.154306 units in the Gartmore Govett Money Market Fund or  116.0193p
cash or such combination for which shareholders elected or are deemed to have
elected.

The issue price of shares in Fidelity Special Values PLC was 315.1805p, being a
3.25% premium to the  fully-diluted NAV as at close of business on 19 December
2003, for shares issued under the Scheme. The issue price of units in Gartmore
Govett Money Market Fund was 100.51p.

Dealings in respect of new shares in Fidelity Special Values PLC issued under
the Scheme commenced at 08.00 today and certificates are expected to be issued
on 30 December 2003. Confirmation notes in respect of new units issued in
Gartmore Govett Money Market Fund issued under the Scheme are expected to be
despatched on 23 December 2003.  In respect of elections for cash, cheques are
expected to be despatched on 24 December 2003.

Shareholders are reminded that the register of holders of Reclassified Shares
has closed and that dealings in the Shares have been suspended.


Enquiries:

Sir John Riddell, Chairman                  0191 279 4222

Angus Gordon Lennox                         020 7588 2828
Cazenove & Co. Ltd


END

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

END

REGEALAAAAEDFFE