Net Asset Value(s)

Shires Income PLC
04 January 2006


                               Shires Income plc

The Net Asset Value of Shires Income plc as at close of business on 03 January
2006 was 299.7p.

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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