RNS Number:7953L
Britannic UK Income Trust PLC
02 June 2003


Announcement Begins



Britannic UK Income Trust PLC announces that as at the close of business on 30
May 2003, the net asset values per share were as follows:

Britannic UK Income Ordinary Shares                               0.00p

Britannic UK Income Guaranteed Income Shares                     96.77p

Britannic UK Income Zero Div Pref Shares                         22.67p



For further information contact:

Donna Reid
Britannic Investment Managers Limited
0141 - 222 - 8257



Announcement Ends




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