RNS No 9699v
GARTMORE SHARED EQUITY TRUST PLC


                    DEALINGS BY SUBSTANTIAL SHAREHOLDERS

1)  NAME OF COMPANY

GARTMORE SHARED EQUITY TRUST PLC

2)  NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

ABERDEEN PREFERRED INCOME INVESTMENT TRUST PLC

3)  Please state whether notification indicates that it is in respect of holding
    of the Shareholder named in 2 above or in respect of a non-beneficial
    interest or in the case of an individual holder if it is a holding of that
    person's spouse or children under the age of 18

AS ABOVE

4)  Name of the registered holder(s) and, if more than one holder, the number of
    shares held by each of them.

TALBOT NOMINEES LIMITED, A/C 754500

5)  Number of shares/amount of stock acquired.

N/A

6)  ( N/A %) of issued Class

7)  Number of shares/amount of stock disposed

4,590,000

8)  (6.91 %) of issued Class

9)  Class of security

GEARED ORDINARY INCOME SHARES OF 10P

10) Date of transaction

09.04.98

11) Date company informed

15.04.98

12) Total holding following this notification

NIL

13) Total percentage holding of issued class following this notification

NIL

14) Any additional information

N/A

15) Name of contact and telephone number for queries

C A KEELEY - 0171 782 2389

16) Name and signature of authorised company official responsible for making
    this notification

    Date of Notification.....15.04.98...........



                    DEALINGS BY SUBSTANTIAL SHAREHOLDERS

1)  NAME OF COMPANY

GARTMORE SHARED EQUITY TRUST PLC

2)  NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

ABTRUST NEW PREFERRED INCOME INVESTMENT TRUST PLC

3)  Please state whether notification indicates that it is in respect of holding
    of the Shareholder named in 2 above or in respect of a non-beneficial
    interest or in the case of an individual holder if it is a holding of that
    person's spouse or children under the age of 18

AS ABOVE

4)  Name of the registered holder(s) and, if more than one holder, the number of
    shares held by each of them.

TALBOT NOMINEES LIMITED, A/C 754850

5)  Number of shares/amount of stock acquired.

4,590,000

6)  ( 6.91%) of issued Class

7)  Number of shares/amount of stock disposed

N/A

8)  ( N/A %) of issued Class

9)  Class of security

GEARED ORDINARY INCOME SHARES OF 10P

10) Date of transaction

09.04.98

11) Date company informed

15.04.98

12) Total holding following this notification

4,840,000

13) Total percentage holding of issued class following this notification

7.29%

14) Any additional information

N/A

15) Name of contact and telephone number for queries

C A KEELEY - 0171 782 2389

16) Name and signature of authorised company official responsible for making
    this notification

    Date of Notification.....15.04.98...........

END


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