RNS Number:0138O
Britannic Smaller Companies Tst PLC
28 July 2003


Announcement begins



Britannic Smaller Companies Trust PLC announces that as at the close of business
on 25 July 2003, the unaudited net asset value per share as calculated in
accordance with the AITC formula (excluding current financial year revenue
items) was 169.78p.



For further information contact:



Donna Reid

Britannic Investment Managers Limited

0141 - 222 - 8257



Announcement Ends




                      This information is provided by RNS
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