RNS Number:1625N
Govett European Tech & Inc Tst PLC
03 July 2003



Govett European Technology and Income Trust PLC



Having reviewed the Company's financial position with its advisers, the new
Board is convinced that a winding up of the Company as soon as possible is in
the best interests of all Shareholders. Accordingly the Board is currently
devoting its energies to formulating proposals for such a winding up that can
command the necessary level of support from all classes of Shareholders. Should
this not prove possible, however, the Board will then consider the future
dividend policy for preferred income shareholders having regard to the advice
which the Company has previously received and the Company's deteriorating
financial position.



3 July 2003


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