RNS No 3272t
VALUE REALISATION TRUST PLC
30 September 1999


At the second Extraordinary General Meeting of the Company held today, the
special resolution to wind-up the Company, the ordinary resolution to appoint
liquidators and the extraordinary resolution to confer appropriate powers upon
the liquidators to effect the scheme of reconstruction of the Company were
duly passed.  The recommended proposals for the winding-up and reconstruction
of the Company have therefore become effective today.

Under the terms of the scheme for the reconstruction of the Company, the net
asset value per Ordinary Share, after deduction of the liquidation fund,
amounted to 142.02p per share.

Shareholders and CULS holders who elected for shares of International Growth &
Value Fund ("IGVF"), a new open-ended investment company managed by Taube
Hodson Stonex Partners Unit Trust Management Company Limited, will receive one
share of IGVF for each Ordinary Share of the Company.  Shareholders and CULS
holders who elected for cash will have their cheques despatched by 5 October
1999.


END

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