RNS Number:6451H
Royal London UK Eqty&Income Tst PLC
13 November 2007

ROYAL LONDON UK EQUITY & INCOME TRUST PLC (the "Company")

 As at close of business on 31 October 2007, the unaudited net asset value
("NAV") per share class of

the Company calculated in accordance with the AIC formula was:



NAV per Ordinary Share excluding current financial year revenue items = 43.04
pence*

NAV per Annuity Share = 75.00 pence



In the Chairman's Statement in the last Annual Report and Accounts, the Board
stated its intention to move towards a more absolute return profile in the
Trust.  In line with this intention, the Board has authorised the Manager to
adopt the use of certain derivatives which reduce market risks.  The Manager has
started this process. These strategies change the risk profile of the Trust and
it is no longer meaningful simply to report positions in terms of "asset
allocation".  Accordingly, the table below reflects the correct exposures to
markets that the strategies are currently creating in the Trust.



As at 31st October 2007

Asset Exposures:

Equity Portfolio = #61.6m

Fixed Interest Portfolio = #25.1m

Income Portfolio = #5.9m



Cash = #32.3m



Total Gross Assets = #124.9m

Net Assets (excl ZDPs) = #52.6m



ROYAL LONDON UK EQUITY & INCOME SECURITIES PLC (the "Subsidiary")

As at close of business 31 October 2007, the NAV per Zero Dividend Preference

share of the Subsidiary, a wholly owned subsidiary of the Company = 167.18
pence.

*Notes:

 1. The investments are valued at bid and the bank loan is included at fair
    value.
 2. Consent of the Annuity Shareholders to a winding up prior to their redemption
    date of 14

    September 2021 may require that Annuity Shareholders are paid an amount
    equivalent to

    at least the yield of 8.2% per annum. For illustrative purposes only, if a
    voluntary winding-up

    of the Company were to occur on 14 September 2008, when the Zero Dividend
    Preference

    Shares of the Subsidiary are to be repaid, a payment of 95.3p per Annuity
    Share would be

    required in order to achieve the yield of 8.2% per annum on the Annuity
    Shares which would

    reduce the amount attributable to the Ordinary Shareholders by 8.7p per
    Share.





BNP Paribas Secretarial Services Limited

Secretary

13 NOVEMBER 2007


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

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