Net Asset Value(s)

Shires Smaller Companies PLC
13 June 2007







SHIRES SMALLER COMPANIES plc





The Net Asset Value (NAV) of Shires Smaller Companies plc as at close of
business on 12 June 2007 was 295.8p.



This NAV has been prepared on the basis of guidance issued by the Association of
Investment Companies (AIC). It includes the net income after expenses and a
pro-rata accrual for dividends in respect of the five months to 31 May 2007. The
AIC recommends Investments be valued at bid price.





Shires Smaller Companies plc, an investment trust, is managed by Glasgow
Investment Managers Limited.


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