Holdings in investment co.s

Shires Income PLC
02 January 2004


2 January 2004



Shires Income plc


Pursuant to Listing Rule 21.20 (l) (i), Shires Income plc announces that as at
31 December 2003 its investments in other listed investment companies (including
listed investment trusts) which themselves do not have stated investment
policies to invest no more than 15% of their total assets in other listed
investment companies (including listed investment trusts) were as follows:

Name of Holding                                                    Number held

Advance UK Trust plc Ord                                               750,000
Technology & Income Trust Limited Ord                                    2,222


Shires Income plc is managed by Glasgow Investment Managers.



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