RNS Number:4310R
Aberforth Split Level Trust PLC
29 October 2003


Aberforth Split Level Trust plc


Result of the First Extraordinary General Meeting held on 29 October 2003 at
9.15am



The Board of Aberforth Split Level Trust plc (the "Company") is pleased to
announce that at the First Extraordinary General Meeting of the Company held
today, 29 October 2003, the resolutions approving the scheme of reconstruction
of the Company ("the Scheme") put to the meeting were duly passed. Shareholders
in person or represented by proxy or by letters of representation holding
39,338,840 shares, being 63.4 per cent. of the issued share capital, voted or
were deemed to have voted, with 99.6 per cent. being in favour.



The last date for receiving Forms of Elections was 27 October 2003. The results
of the Elections are shown in the table below:


Option                                                    Units              Capital Shares               Income Shares

ASCoT Option                                            5,196,595               4,710,550                       470,653
AFund Option                                            1,520,624               3,060,773                        79,148
Realisation Option                                      7,195,968               9,321,776                    16,543,298

Total                                                   13,913,187             17,093,099                    17,093,099



The Company's share capital will be reclassified with effect from the admission
of the Reclassified Shares to the Official List and to trading on the London
Stock Exchange becoming effective by reference to the above elections made or
deemed to have been made by Shareholders.



A Second Extraordinary General Meeting will be held on 10 November 2003 at
4.00pm at which resolutions will be proposed for the winding up of the Company
and the appointment of liquidators and to confer appropriate powers on the
liquidators. Shareholder entitlements pursuant to the Scheme will be announced
by the Company in due course following the Second EGM.



Expected Timetable

2003

Friday 31 October                     Payment of final interim dividend to Income Shareholders

Friday 7 November          8.00 am    Dealings in Reclassified Shares commence and register of
                                      holders of Reclassified Shares opened*


                           5.00 pm    ASCoT Calculation Date
                                      Register of holders of Reclassified Shares closed


Saturday 8 November        4.00 pm    Latest time and date for receipt of forms of proxy for the
                                      Second Extraordinary General Meeting


Monday 10 November         7.30 am    Suspension of listing of Reclassified Shares
                           4.00 pm    Second Extraordinary General Meeting
                           4.30 pm    AFund Calculation Date
                                      Effective Date
                                      AFund Units issued


Tuesday 11 November                   Dealings commence in New ASCoT Shares and CREST stock accounts
                                      credited
                                      Confirmation notes despatched in respect of AFund Units


Week commencing                       Definitive certificates despatched in respect of the New ASCoT
                                      Shares (not admitted to CREST)
17 November


*  The Reclassified Shares are a technical requirement of the Scheme created by
the resolution passed at the First Extraordinary General Meeting.




Enquiries:


David Warnock/ David Holland                    0131 220 0733
Aberforth Partners



Angus Gordon Lennox / William Simmonds          020 7588 2828
Cazenove & Co. Ltd





Capitalised words and expressions used in this announcement shall bear the same
meanings as in the circular dated 29 September 2003, a copy of which available
in full at the document viewing facility of the UK Listing Authority.



END




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