RNS Number:4910P
Britannic Smaller Companies Tst PLC
08 September 2003




Announcement begins



Britannic Smaller Companies Trust PLC announces that as at the close of business
on 5 September 2003, the unaudited net asset value per share as calculated in
accordance with the AITC formula (excluding current financial year revenue
items) was 186.87p.




For further information contact:



Donna Reid

Britannic Investment Managers Limited

0141 - 222 - 8257



Announcement Ends




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