RNS Number:5067I
Britannic UK Income Trust PLC
10 March 2003


                         BRITANNIC UK INCOME TRUST PLC

               CONTACT : MARIE ROSS (TEL NO: 0141 - 222 - 8288)

                                 10 MARCH 2003


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
March 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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