SCHEDULE 11
NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS
1) Name of company: Glasgow Income Trust plc
2) Name of director: Martin Griffiths
7) Number of shares/amount of stock acquired: 28,000
8) Percentage of issued class: 0.02%
9) Number of shares/amount of stock disposed
10) Percentage of issued class
11) Class of security: Ordinary 25p shares
12) Price per share: 69.25p
13) Date of transaction: 22 May 2008
14) Date company informed: 22 May 2008
15) Total holding following this notification: 28,000
16) Total percentage holding of issued class following this notification: 0.02%
If a director has been granted options by the company please complete the following boxes
17) Date of grant
18) Period during which or date on which exercisable
19) Total amount paid (if any) for grant of the option
20) Description of shares or debentures involved: class, number
21) Exercise price (if fixed at time of grant) or indication that price is to be fixed at time of exercise
22) Total number of shares or debentures over which options held following this notification
23) Any additional information
24) Name of contact and telephone number for queries: Graeme McDonald. Tel: 0131 528 4000
25) Name and signature of authorised company official responsible for making this notification:
Date of Notification: 22 May 2008