RNS Number:8995S
Royal London UK Eqty&Income Tst PLC
04 December 2003

                                  SCHEDULE 11

          NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS

1. Name of company
ROYAL LONDON UK EQUITY & INCOME TRUST PLC

2. Name of director
ANTHONY PERCIVAL

3. Please state whether notification indicates that it is in respect of holding
of the shareholder named in 2 above or in respect of a non-beneficial interest
or in the case of an individual holder if it is a holding of that person's
spouse or children under the age of 18 or in respect of a non-beneficial
interest
IN RESPECT OF DIRECTOR NAMED IN 2 ABOVE - BENEFICIAL INTEREST

4. Name of the registered holder(s) and, if more than one holder, the number of
shares held by each of them (if notified)
NOT KNOWN

5. Please state whether notification relates to a person(s) connected with the
director named in 2 above and identify the connected person(s)
NO

6. Please state the nature of the transaction. For PEP transactions please
indicate whether general/single co PEP and if discretionary/non discretionary
SALE OF SHARES

7. Number of shares / amount of stock acquired
NIL

8. Percentage of issued class
N/A

9. Number of shares/amount of stock disposed
3,500 ORDINARY SHARES

10. Percentage of issued class
0.005%

11. Class of security
ORDINARY SHARES OF 1 PENNY EACH

12. Price per share
1.5 PENCE

13. Date of transaction
3 DECEMBER 2003

14. Date company informed
3 DECEMBER 2003

15. Total holding following this notification
270,000 ORDINARY SHARES OF 1 PENNY EACH

16. Total percentage holding of issued class following this notification
0.386%

17. Any additional information
NONE

18. Name of contact and telephone number for queries
LOUISE RICHARD - 020 7410 4942

19. Name and signature of authorised company official responsible for making
this notification
LOUISE RICHARD, FOR AND ON BEHALF OF BNP PARIBAS SECRETARIAL SERVICES LIMITED, COMPANY SECRETARY TO ROYAL
LONDON UK EQUITY & INCOME TRUST PLC

Date of Notification
4 DECEMBER 2003


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