RNS Number:5229S
Britannic UK Income Trust PLC
26 November 2003

                         BRITANNIC UK INCOME TRUST PLC

                                26 NOVEMBER 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 November 2003 (payable on 10 December
2003 to Guaranteed Income Shareholders on the register on 5 December 2003 - ex
dividend date 3 December 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 December 2003.

Announcement ends


Enquiries:

Britannic Asset Management Press Office    Donna Reid
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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