RNS Number:8623H
Britannic UK Income Trust PLC
24 February 2003


Announcement Begins

Britannic UK Income Trust PLC announces that as at the close of business on 
21 February 2003, the net asset values per share were as follows:

Britannic UK Income Ordinary Shares                               0.00p

Britannic UK Income Guaranteed Income Shares                      96.51p

Britannic UK Income Zero Div Pref Shares                          11.08p


For further information contact:

Donna Reid
Britannic Investment Managers Limited
0141 - 222 - 8257


Announcement Ends




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