Dividend Declaration

Glasgow Income Trust PLC
05 January 2004


News Release

5 January 2004


GLASGOW INCOME TRUST PLC

The Board of Glasgow Income Trust plc has declared a first interim dividend of
1.03p per share (2003: 1.03p per share) in respect of the year to 30 September
2004 payable on 30 January 2004 to shareholders on the register at close of
business on 16 January 2004. The total dividends declared to date amount to
1.03p per share (2003: 1.03p per share).

Glasgow Income Trust plc is managed by Glasgow Investment Managers Limited.



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