RNS Number:0065Q
Britannic Smaller Companies Tst PLC
22 September 2003


Announcement begins


Britannic Smaller Companies Trust PLC announces that as at the close of business
on 19 September 2003, the unaudited net asset value per share as calculated in
accordance with the AITC formula (excluding current financial year revenue
items) was 184.10p.

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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