Net Asset Value(s)

Shires Income PLC
30 November 2005


                               Shires Income plc


The Net Asset Value of Shires Income plc as at close of business on 29 November
2005 was 286.9p.

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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