RNS Number:7728O
Britannic UK Income Trust PLC
18 August 2003


Announcement Begins

Britannic UK Income Trust PLC announces that as at the close of business on 15
August 2003, the net asset values per share were as follows:

Britannic UK Income Ordinary Shares                                  0.00p

Britannic UK Income Guaranteed Income Shares                        96.98p

Britannic UK Income Zero Div Pref Shares                            34.26p


For further information contact:

Donna Reid
Britannic Investment Managers Limited
0141 - 222 - 8257

Announcement Ends



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