RNS Number:2233R
Dresdner RCM Endwmt PlcyTst 2003PLC
23 October 2003

23 October 2003





Dresdner RCM Endowment Policy Trust 2003 plc (the "Company")



Result of First Extraordinary General Meeting and Elections under the Scheme



The Board of Dresdner RCM Endowment Policy Trust 2003 plc announces that at the
First Extraordinary General Meeting of the Company held earlier today the
special resolution to amend the Company's articles of association for the
purposes of the scheme of reconstruction (the "Scheme"), to approve the Scheme
and to authorise its implementation by the Liquidators was duly passed.



The Second Extraordinary General Meeting of the Company has been convened for 31
October 2003 at which a special resolution will be proposed to approve the
winding-up of the Company and to appoint the Liquidators.  An extraordinary
resolution will also be proposed to confer appropriate powers on the
Liquidators.  The Scheme will not become effective until, inter alia, the
resolutions to be proposed at the Second Extraordinary General Meeting have been
passed.



The final results of the Elections and deemed Elections for the Options
available under the Scheme are as follows:


Option                                       Number of Shares Elected

BPT Shares                                                  1,810,319
Bond Fund Shares                                            2,565,137
Cash                                                       24,433,292





The entitlements of Shareholders will be determined on the Calculation Date
which is expected to be 29 October 2003.  A further announcement will be made
following the Second Extraordinary General Meeting.



Enquiries:


Peter Ingram                                 020 7065 1467
Company Secretary

Hugh Field                                   020 7678 8000
Hoare Govett Limited



Terms used in this announcement shall, unless the context otherwise requires,
bear the meanings given to them in the Circular to Shareholders of the Company
dated 26 September 2003.



The contents of this announcement have been approved by Hoare Govett Limited,
250 Bishopsgate, London EC2M 4AA, for the purposes of section 21 of the
Financial Services and Markets Act 2000.



Hoare Govett Limited, which is regulated in the United Kingdom by the Financial
Services Authority, is acting for the Company and for no-one else and will not
be responsible to anyone other than the Company for providing the protections
afforded to customers of Hoare Govett Limited or for providing advice in
relation to the Proposals or any matter referred to herein.


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