RNS Number:4438R
Britannic UK Income Trust PLC
29 October 2003


                         BRITANNIC UK INCOME TRUST PLC


                                29 OCTOBER 2003


Announcement begins

The Directors of Britannic UK Income Trust PLC regret to announce that they are
unable to declare the interim dividend of 0.5833p per Guaranteed Income Share
payable in respect of the period to 10 October 2003 (payable on 10 November 2003
to Guaranteed Income Shareholders on the register on 7 November 2003 - ex
dividend date 5 November 2003) due to the fact that the Trust does not have
sufficient distributable reserves.   Accordingly, pursuant to the Guarantee,
Britannic Investment Managers Limited will make the payment due to the
Guaranteed Income Shareholders on 10 November 2003.

Announcement ends


Enquiries:

Britannic Asset Management Press         Donna Reid
Office 0141 222 8225 / 6                 Britannic Investment Managers Limited
                                         0141 - 222 - 8257

                      This information is provided by RNS
            The company news service from the London Stock Exchange

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