Dividend Declaration

City Natural Res High Yield Tst PLC
23 July 2004



To:            RNS

From:          City Natural Resources High Yield Trust plc

Date:          23 July 2004





Third Interim Dividend

City Natural Resources High Yield Trust plc announces a third interim dividend
of 0.5 pence per share to be paid on 27 August 2004 to shareholders on the
register on 30 July 2004, having an ex-dividend date of 28 July 2004.





Enquiries:

Martin Cassels, ISIS Asset Management plc               Tel: [phone]


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