RNS Number:7829T
Britannic UK Income Trust PLC
02 January 2004

Announcement Begins

Britannic UK Income Trust PLC announces that as at the close of business on 31
December 2003, the net asset values per share were as follows:

Britannic UK Income Ordinary Shares                                        0.00p

Britannic UK Income Guaranteed Income Shares                              97.36p

Britannic UK Income Zero Div Pref Shares                                  44.74p



For further information contact:

Donna Reid
Britannic Investment Managers Limited
0141 - 222 - 8257

Announcement Ends



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