RNS Number:2590H
Britannic UK Income Trust PLC
10 February 2003



Britannic UK Income Trust PLC


10 February 2002


Announcement Begins



The Company announces that it is prevented by section 265 of the Companies Act
1985 from paying the dividend due to the guaranteed income shareholders on 10
February 2003.  Accordingly, under the terms of the Guarantee provided by
Britannic Investment Managers Limited they have today made the payment to
guaranteed income shareholders.









For further information contact:


Britannic Asset Management Press Office      Donna Reid
0141 222 8225 / 6                            Britannic Investment Managers Limited
                                             0141 - 222 - 8257



Announcement Ends






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