Top 10 Holdings

Shires Income PLC
04 July 2006


4 July 2006



SHIRES INCOME PLC



In accordance with UKLA Listing Rule 21.20 (1) (ii), Shires Income PLC announces
that at 30 June 2006 the ten largest investments held were as follows:

Company                                            £     % of
                                                      Total Assets

Shires Smaller Companies                   9,590,000      7.9
Abbey National 10.375% Pref                6,487,875      5.3
Severn Trent Ord                           5,260,500      4.3
Lloyds TSB Group Ord                       4,911,750      4.0
Mackintosh High Income Fund                4,735,071      3.9
Bradford & Bingley Ord                     4,645,000      3.8
Legal & General                            4,480,000      3.7
Royal & SunAlliance 7 3/8% Pref            4,312,500      3.5
Gen Accident Prefs                         4,232,000      3.5
Friends Provident Ord                      3,842,662      3.2



Shires Income plc is managed by Glasgow Investment Managers Limited




                      This information is provided by RNS
            The company news service from the London Stock Exchange