Net Asset Value(s)

Shires Income PLC
14 December 2005



Shires Income plc


The Net Asset Value of Shires Income plc as at close of business on 13 December
2005 was 292.1p.

This NAV has been prepared under the Company's existing accounting policies and
not International Accounting Standards.

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

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