Gartmore Distribution Trust PLC

GDT Securities PLC

Winding-up of the Companies

At the Extraordinary General Meetings held earlier today, the resolutions were
passed to wind up the Companies. The Liquidators have now been appointed. The
appointed Liquidators are Patrick Joseph Brazzill and Margaret Elizabeth Mills,
both of Ernst & Young LLP.

It is expected that holders of Zero Dividend Preference shares will receive an
initial payment of 47.7p per share on 7th May 2004.

                                    --oo--                                     

 

Enquiries:

Patrick Brazzill (Ernst & Young LLP)                 020 7951 2000           
                                                                             
Ian Williams (Lansons Communications)                07939 543587            



END
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