RNS Number:2641L
Britannic UK Income Trust PLC
19 May 2003





Announcement Begins



Britannic UK Income Trust PLC announces that as at the close of business on 16
May 2003, the net asset values per share were as follows:


Britannic UK Income Ordinary Shares                      0.00p


Britannic UK Income Guaranteed Income Shares             96.74p


Britannic UK Income Zero Div Pref Shares                 21.49p









For further information contact:



Donna Reid

Britannic Investment Managers Limited

0141 - 222 - 8257



Announcement Ends




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