RNS Number:0517S
Britannic UK Income Trust PLC
13 November 2003


Britannic UK Income Trust plc
Largest Investments as at 10 November
2003
UK Equity Portfolio

No    Company                             No Of         Market Value  % Of Total
                                          Shares        (#)            Fund
  1   HSBC                                  908,815      8,202,055        6.97%
  2   BP                                  1,855,376      7,774,025        6.61%
  3   Vodafone Group                      5,769,059      7,110,365        6.04%
  4   Glaxosmithkline                       529,677      6,838,130        5.81%
  5   Royal Bank of Scotland                289,452      4,518,346        3.84%
  6   Astrazeneca                           141,478      3,784,537        3.22%
  7   Shell Transport and Trading           859,345      3,239,731        2.75%
  8   Barclays                              558,294      2,783,096        2.38%
  9   HBOS                                  324,018      2,282,707        1.94%
 10   Lloyds TSB                            453,088      1,851,997        1.57%
                                                           ---------     -------
      Ten largest UK equity                             48,384,989       41.13%
      investments
      Other UK equity investments (103)                 42,763,975       36.35%

Investment Company Portfolio
  1   Close Assets Funds Zero             3,750,000      3,693,750        3.14%
  2   Ecofin Water and Power              3,350,000      2,830,750        2.41%
  3   Jupiter Enhanced Ord Inc            3,000,000      2,250,000        1.91%
  4   Exeter Financial Fund               6,000,000      2,040,000        1.73%
  5   BFS US Special Opportunities        4,535,000      1,451,200        1.23%
      Units
  6   Blue Chip Value and Inc            10,000,612      1,200,073        1.02%
  7   Close Assets Fund US                1,250,000      1,193,750        1.02%
  8   Acorn Income Fund                     900,000        949,500        0.81%
  9   Gartmore SNT Income                10,675,000        866,810        0.74%
 10   BFS Managed Properties              5,000,000        800,000        0.68%
                                                           ---------     -------
      Ten largest investment company                    17,275,833       14.69%
      investments
      Other investment company                           3,828,060        3.25%
      investments (21)

Corporate Bond Portfolio
  1   Thistle Hotels 10 3/4% 2014         1,500,000      1,811,289        1.54%
  2   Regal Hotel 9% 2006                   900,000        825,573        0.70%
  3   Cap Shop 6 7/8% 2013                  400,000        401,685        0.34%
  4   Santander 7 1/4% Perpetual            300,000        325,020        0.28%
  5   Natwest Bank 11 1/2% Undated          200,000        313,000        0.27%
  6   Anglo Irish Asset G/R Perpetual       270,000        312,634        0.27%
  7   Rank Group 7 1/4% 2008                295,000        308,447        0.26%
  8   Standard Chartered 8.103%             260,000        302,127        0.26%
      Perpetual
  9   Koninklijke KPN 2008                  270,000        297,577        0.25%
 10   Carnival plc 7 1/8% 2012              300,000        297,549        0.25%
                                                           ---------     -------
      Ten largest corporate bond                         5,194,901        4.42%
      investments
      Other corporate bond investments                   2,908,459        2.47%
      (17)
      Total investments                                120,356,217      102.31%
      Net current assets/(liabilities)                  -2,714,578       -2.31%
                                                         ----------     --------
      Total assets less net current                    117,641,639      100.00%
      assets/(liabilities)                               ==========    ========







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