DEL Deut.Lat.AM.Tst

RNS Number:2448G
Deutsche Latin American Cos Tst PLC
09 December 2004


Deutsche Latin American Companies Trust PLC

Result of EGM and Board changes


Result of EGM


The Board of Deutsche Latin American Companies Trust PLC (the "Company") is
pleased to announce that, at the extraordinary general meeting held today,
shareholders voted overwhelmingly in favour of the special resolution set out in
the circular sent to shareholders on 16 November 2004 (the "Circular").


The Company will now change its investment objective to investing in India.
Aberdeen Asset Management Asia Limited has been appointed as investment manager
and Aberdeen Asset Managers Limited has been appointed as company secretary. The
Company's articles of association provide for an annual continuation vote to be
held at each Annual General Meeting commencing with the AGM in 2006.


In line with these changes, the Company has changed its name to the "New India
Investment Trust PLC".


Update on group structure


In order for the new group structure to be established and to commence investing
directly in India, the Company's Mauritian subsidiary must first obtain a
licence under the Mauritius Companies Act 2001 and the Mauritius Financial
Services Development Act 2001. The licence application has been submitted, as
described in the Circular, and it is expected that the licence will be issued
within the next two to three weeks at which point the Company will make a
further announcement.


Board changes


Baroness Hooper and Richard Watkins have resigned as non-executive directors of
the Company with immediate effect. William Salomon and Sarah Bates have been
appointed as non-executive directors and William Salomon has been appointed as
Chairman.


There is no information which is required to be disclosed by either William
Salomon or Sarah Bates pursuant to paragraph 6.F.2 (b)-(g) of the Listing Rules
of the UK Listing Authority. Details of directorships held in any publicly
quoted company at any time in the previous five years are set out below:


William Salomon


Current directorships


Hansa Trust plc

Ocean Wilsons Holdings Limited


Past directorships


Aberdeen Emerging Economies Investment Trust plc

Manganese Bronze Holdings Plc

Rea Brothers Group PLC


Sarah Bates


Current directorships


F&C Pacific Investment Trust PLC

INVESCO English and International Trust plc

St James's Place Capital plc



Past directorships


INVESCO India Growth Fund

Private Investors Capital Trust plc

Royal London Growth and Income Trust plc



Enquiries


William Salomon

Chairman

Tel: 020 7647 5750


William Hemmings

Aberdeen Asset Management

Tel: 020 7463 6000


David Benda

Close Brothers Securities

Tel: 020 7621 5562


Stephen Folland/Robert Hoskin

Company Secretary

Tel: 01534 705 040/020 7463 6000


Gordon Neilly/Sue Inglis/Darren Willis

Intelli Corporate Finance

Tel: 020 7653 6320/6309/6308






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

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