Net Asset Value(s)

Shires Income PLC
25 January 2006


Shires Income plc


The Net Asset Value of Shires Income plc as at close of business on 24 January
2006 was 301.3p.

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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