28 March 2007

Results of the Extraordinary General Meeting

Close Finsbury EuroTech Trust PLC hereby announces that at the Extraordinary General Meeting held on 28 March 2007 all resolutions put to the meeting, which are set out below for information, were duly passed.

Special Resolution:

1. THAT:
(i) the Company be wound up voluntarily and Gareth Rutt Morris and Simon Peter Bower of RSM Robson Rhodes LLP, 30 Finsbury Square, London EC2P 2YU be and they are hereby appointed liquidators of the Company (the “Liquidators”) with power to act jointly and severally for the purpose of such winding-up;

(ii) the remuneration of the Liquidators be fixed on the basis of time properly spent by them and members of their staff in attending to matters arising prior to and during the winding-up of the Company and the Liquidators be and they are hereby authorised to draw such remuneration monthly or at such longer intervals as they may determine; and

(iii) the Company’s books and records be held by, or on behalf of Close Investments Limited to the order of the Liquidators, until the expiry of twelve months after the date of dissolution of the Company, when they may be disposed of (save for financial and trading records, which shall be kept for a minimum of six years following vacation of the Liquidators from office).

Extraordinary Resolution:

2. THAT, conditional upon resolution 1 above being passed by the requisite majority of votes in favour cast by shareholders of the Company, the Liquidators be and they are hereby authorised:

(i) pursuant to section 165 of the Insolvency Act 1986 (the “Act”), to exercise such of the powers set out in Part 1 of Schedule 4 to the Act as may be necessary or desirable in their judgement to give effect to the winding-up of the Company; and

(ii) in accordance with Article 170 of the Company’s articles of association, to divide among the members in kind the whole or any part of the assets of the Company, whether or not the assets shall consist of property of one kind or shall consist of properties of different kinds, and for such purposes may set such value as the Liquidators deem fair upon any one or more class or classes of property and may determine how such division shall be otherwise than in accordance with the existing rights of the members.

Following the meeting, Christopher Agar and Andrew Pegge resigned as Directors and Close Investments Limited resigned as Company Secretary, all with immediate effect in order for the Company to be passed to the Liquidators for formal liquidation.

The UKLA has been requested to cancel the listing of the Company’s shares with effect from 8.00 a.m. on 30 March 2007.

For further information please contact:
> RSM Robson Rhodes LLP, Liquidators, at the above detailed address