Blocklisting Interim Review

Glasgow Income Trust PLC
19 January 2005


                                   SCHEDULE 5

                        BLOCKLISTING SIX MONTHLY RETURN


1. Name of company GLASGOW INCOME TRUST PLC


2. Name of scheme BLOCKLISTING


3. Period of return: From 16 JULY 2004 to 16 JANUARY 2005


4. Number and class of shares(s)
(amount of stock/debt security)
not issued under scheme         2,850,000

5. Number of shares issued/allotted
under scheme during period      712,554


6. Balance under scheme not yet issued/allotted
at end of period                2,137,446


7. Number and class of share(s)
(amount of stock/debt securities)
originally listed and the date of admission 2,850,000

Please confirm total number of shares in issue at the end of the period
in order for us to update our records 50,086,828

Contact for queries: Address:

Name: GRAEME MCDONALD SUTHERLAND HOUSE, 149 ST VINCENT ST, GLASGOW

Telephone: [phone]






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