Dividend Declaration

Shires Income PLC
04 September 2003

News Release

4 September 2003

Shires Income plc
First Interim Dividend

The Board of Shires Income plc has declared a first interim dividend of 4.40p
per share in respect of the year to 31 March 2004 (first interim 2003 - 4.40p)
payable on 31 October 2003 to shareholders on the register at close of business
on 3 October 2003.

Shires Income plc is managed by Glasgow Investment Managers Limited


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