Gartmore Absolute Growth & Income Trust PLC 4 July 2006 Application of New Accounting Standards and Implications for Dividend Distributions. The Company announces that the Directors are seeking advice, including senior counsel's opinion, on the new IFRS accounting standards and their impact on the Company's accounts and the implications the standards may have regarding the Company's legal ability to make dividend distributions. The Directors expect to make a further announcement in due course. For more information contact N G N Sidebottom Premier Fund Managers Ltd Telephone 01483 400465 END