RNS Number:6322O
Special Utilities Inv Tst PLC
13 August 2003

                                                                  13 August 2003




                   THE SPECIAL UTILITIES INVESTMENT TRUST PLC

                 RESULT OF SECOND EXTRAORDINARY GENERAL MEETING




The Directors announce that all resolutions as set out in the Circular to
Shareholders and Warrantholders dated 16 June 2003 were passed at the Second
Extraordinary General Meeting of Shareholders held on 13 August 2003. As a
result, the Company was placed into voluntary liquidation with immediate effect.

In accordance with the proposals for the reconstruction and winding up of the
Company as set out in the Circular, the following entitlements shall apply:

  * 62.95p per Income Share

  * 144.54p per 2003 Capital Share

  * 222.35p per Continuation Capital Share

  * 212.45p per S Share

Each shareholder who either rolled over into the successor company, Utilico
Investment Trust plc ("Utilico") or elected to subscribe for Utilico shares will
receive the following number of Utilico shares for each share held:

  * 2.2235 shares per Continuation Capital Share

  * 2.1245 shares per S Share

  * 1.4454 shares per 2003 Capital Share

  * 0.6295 shares per Income Share

Utilico warrants to subscribe for ordinary shares will be issued to Utilico
shareholders on the basis of one warrant for every five shares. All entitlements
will be rounded down to the nearest whole share.

Taking into account the elections received in respect of Income Shares and 2003
Capital Shares, 100,288,415 ordinary shares and 20,057,085 warrants will be
issued by Utilico.

Dealings in the shares and warrants of Utilico will commence on 14 August 2003
on the London Stock Exchange and on 15 August 2003 on the New Zealand Stock
Exchange.

Cheques based on the entitlements set out above are expected to be despatched to
those Shareholders receiving cash on 14 August 2003.



Enquiries:

Charles Jillings

020 7825 2107


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