Net Asset Value(s)

Shires Income PLC
13 September 2006


                                Shires Income plc

The Net Asset Value of Shires Income plc as at close of business on 12 September
2006 was 297.4p.

This NAV has been prepared on the basis of guidance issued by the Association of
Investment Trust Companies (AITC). The AITC recommends Investments be valued at
bid price.

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

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