RNS Number:8122Q
Britannic UK Income Trust PLC
13 October 2003

Announcement Begins

Britannic UK Income Trust PLC announces that as at the close of business on 10
October 2003, the net asset values per share were as follows:


Britannic UK Income Ordinary Shares                                                                    0.00p


Britannic UK Income Guaranteed Income Shares                                                          97.14p


Britannic UK Income Zero Div Pref Shares                                                              38.78p

For further information contact:

Donna Reid

Britannic Investment Managers Limited

0141 - 222 - 8257


Announcement Ends


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END

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