Additional Blocklisting

Glasgow Income Trust PLC
29 May 2007

                            Glasgow Income Trust plc
                  RIS Announcement for immediate release

                           Block Listing Application



Application has been made to the London Stock Exchange and the UKLA for the
block listing of a further 7,500,000 ordinary shares of 25p each in the capital
of the Company.  It is expected that the application for block listing will
become effective at 8.00 am on 31 May 2007.


The Company currently has 773,902 ordinary shares listed but unissued under an
existing block listing.  The purpose of the proposed block listing is to
increase the number of ordinary shares available to be issued by the Company
under the block listing procedure to 8,273,902 ordinary shares in aggregate.  It
is intended that these shares available to be issued under the block listing
procedure will principally be (i) issued to participants in any of the four
savings plans in the Glasgow Investment Collection in accordance with the terms
of those plans, and (ii) placed with certain investors (including market makers)
where there is market demand and the Board believes it is in the best interests
of the Company.

Any shares issued under the block listing will rank pari passu with the existing
ordinary shares.

Enquiries:

Graeme McDonald/Kenneth Harper
Glasgow Investment Managers Ltd
0141 572 2700






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