Net Asset Value(s)

Shires Income PLC
08 November 2006


Shires Income plc





The Net Asset Value of Shires Income plc as at close of business on 7 November
2006 was 317.8p.


This NAV has been prepared on the basis of guidance issued by the Association of
Investment Companies (AIC). It includes the net income after expenses and a
pro-rata accrual for dividends payable in respect of the seven months to 31
October 2006. The AIC recommends Investments be valued at bid price.


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



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