RNS Number:0311O
Britannic UK Income Trust PLC
28 July 2003


Announcement Begins

Britannic UK Income Trust PLC announces that as at the close of business on 25
July 2003, the net asset values per share were as follows:

Britannic UK Income Ordinary Shares                                    0.00p

Britannic UK Income Guaranteed Income Shares                          96.93p

Britannic UK Income Zero Div Pref Shares                              29.24p


For further information contact:

Donna Reid
Britannic Investment Managers Limited
0141 - 222 - 8257

Announcement Ends


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