RNS Number:4416J
Britannic UK Income Securities PLC
31 March 2003

                       BRITANNIC UK INCOME SECURITIES PLC

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

                                 31 March 2003

Announcement begins

Britannic UK Income Securities PLC announces it received notification on 31
March 2003 that on 26 March 2003 Alan Henry Clifton, a Director of the Company,
sold 20,000 Zero Dividend Preference shares in the Company at a price of 6p per
share.  These shares were transferred to Alan Clifton's own pension account.

Enquiries:

Marie Ross
Britannic UK Income Securities              0141 222 8288


Announcement ends






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