RNS Number:7221T
Derby Trust PLC
30 December 2003

Derby Trust p.l.c.


Result of the Second EGM


The Board of Derby Trust p.l.c. (the "Company") announces that at the Second
Extraordinary General Meeting of the Company held today, 30 December 2003, the
resolutions before the meeting were approved by Shareholders. Accordingly, the
Company has been placed in members' voluntary liquidation and James Robert
Drummond Smith and Nicholas James Dargan of 180 Strand London WC2R 1WL have been
appointed joint liquidators to the Company.


Entitlements under the Scheme

In accordance with the reconstruction proposals a further announcement will be
made as to shareholder entitlements under the scheme for elections for Fidelity
Special Values, Fidelity Special Situations, Fidelity Income Plus, Fidelity
MoneyBuilder Income, Fidelity WealthBuilder, and Fidelity Cash Fund.

Income shareholders who elected or were deemed to have elected for immediate
cash will receive 25p per income share.  Capital shareholders who elected or
were deemed to have elected for immediate cash will receive 674.575p per capital
share.

Dealings in respect of new shares in Fidelity Special Values PLC issued under
the Scheme are expected to commence on 6 January 2004 and certificates are
expected to be issued on 7 January  2004. Confirmation notes in respect of new
Securities issued in the Rollover Funds issued under the Scheme are expected to
be despatched on 6 January 2004.  In respect of elections for cash, cheques are
expected to be despatched on 2 January 2004.

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


Enquiries:

Christopher Smith                                                020 7588 2828
Cazenove & Co. Ltd


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