RNS Number:3734Q
Govett European Tech & Inc Tst PLC
30 September 2003


                GOVETT EUROPEAN TECHNOLOGY AND INCOME TRUST PLC

                              WINDING UP PROPOSALS


The Board of Govett European Technology and Income Trust PLC ("the Company") is
pleased to announce that at the class meetings and extraordinary general meeting
of the Company held today all of the proposed resolutions were duly passed and
Simon Peter Bower and Michael John Hore of RSM Robson Rhodes LLP have been
appointed as the Company's liquidators.

As at 29th September 2003 all of the Company's realisable investments had been
sold and as at that date the estimated net asset value of the Company was
approximately #1.2 million. After providing for the Company's liabilities
(including the estimated costs and expenses of the liquidation) together with
the liquidators' retention of #50,000 (equivalent to 0.55 pence per zero
dividend preference share), and the payments of 3.3 pence per preferred income
share and 0.2 pence per ordinary share, it is estimated that approximately 7.6
pence per share is available for distribution to holders of zero dividend
preference shares on the register on 3 October 2003, which will be paid on or
about 7 October 2003. It is expected that the remaining balance of the
liquidators' retention will be paid in due course following completion of the
liquidation of the Company.


30 September 2003

Enquiries:

Gareth Morris - 020 7865 2488

RSM Robson Rhodes LLP


Jonathan Flint - 020 7638 9571

Citigate Dewe Rogerson


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