RNS Number:6968T
Britannic UK Income Trust PLC
29 December 2003


Announcement Begins

Britannic UK Income Trust PLC announces that as at the close of business on 24
December 2003, the net asset values per share were as follows:

Britannic UK Income Ordinary Shares                                    0.00p

Britannic UK Income Guaranteed Income Shares                          97.34p

Britannic UK Income Zero Div Pref Shares                              43.06p


For further information contact:

Donna Reid
Britannic Investment Managers Limited
0141 - 222 - 8257

Announcement Ends


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