40GA Bioscience Inva

RNS Number:2980M
Bioscience Inv Trust PLC
13 May 2005

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES,
CANADA, AUSTRALIA, THE REPUBLIC OF IRELAND OR JAPAN.

The Bioscience Investment Trust plc

Result of the Second EGM

The Board of The Bioscience Investment Trust plc (the "Company") announces that
at the Second Extraordinary General Meeting of the Company held today, 13 May
2005, the resolutions before the meeting were approved by Shareholders.
Accordingly, the Company has been placed in members' voluntary liquidation and
Simon Peter Bower and Adrian Gerald Paul Howlett of 186 City Road London EC1V
2NU have been appointed joint liquidators to the Company.

Entitlements under the Scheme

In accordance with the reconstruction proposals, for every share held in the
Company, shareholders will receive 4.3673 (to 4 decimal places) units in the
Schroder Medical Discovery Fund or 180.04p cash or such combination for which
shareholders elected or are deemed to have elected.  The issue price of units in
the Schroder Medical Discovery Fund was 41.44p.

Confirmation notes in respect of new Securities issued in the Rollover Funds
issued under the Scheme are expected to be despatched in the week commencing 16
May 2005.  In respect of elections for cash, cheques are expected to be
despatched in the week commencing 16 May 2005.

Shareholders are reminded that the register of holders of Reclassified Shares
has closed and that dealings in the Shares have been suspended.

Enquiries:
                                      
Robin Stoakley                               0207 658 3567
Schroder Investment Management Limited

John Spedding                                0207 658 3206
Schroder Investment Management Limited

Angus Gordon Lennox                          020 7588 2828
JPMorgan Cazenove Limited



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