RNS Number:3338U
Royal London UK Eqty&Income Tst PLC
16 January 2004



ROYAL LONDON UK EQUITY & INCOME TRUST PLC ("the Company")



DISCLOSURE OF INTERESTS IN SHARES



The Company has today been notified that, as at 13 January 2003, Trafalgar
Catalyst Fund and

Trafalgar Recovery Fund have the following holdings in the Company:

2,500,000 1 penny shares, representing 3.57% of the issued shares in that class,
are held on behalf of Trafalgar Catalyst Fund by Goldman Sachs International 
London as a custodian for the fund and 8,325,000 1 penny shares, representing 
11.89% of the issued shares in that class, are held as a

Contract for Difference at Goldman Sachs International London.



As well as the position held by Trafalgar Catalyst Fund, Trafalgar Recovery Fund
has the following holding in the Company:

1,000,000 Ordinary 1 penny shares, representing 1.43% of the issued shares in
that class, are held

on behalf of Trafalgar Recovery Fund by Goldman Sachs International London as
custodian for the fund.

This holding is for investment purposes only.



Enquiries:
Jonathan Platt
Royal London Asset Management Limited
Tel: 020 7506 6500



16 JANUARY 2004

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