Net Asset Value(s)

Shires Income PLC
25 October 2006


Shires Income plc





The Net Asset Value of Shires Income plc as at close of business on 24 October
2006 was 311.6p.


This NAV has been prepared on the basis of guidance issued by the Association of
Investment Trust Companies (AITC). It includes the net income after expenses and
a pro-rata accrual for dividends payable for the six months to 30 September 2006
. 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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