Dividend Declaration

Glasgow Income Trust PLC
07 July 2005


News Release

7 July 2005

GLASGOW INCOME TRUST PLC

The Board of Glasgow Income Trust plc has declared a third interim dividend of
1.03p per share (2004 - 1.03p per share) in respect of the year to 30 September
2005 payable on 29 July 2005 to shareholders on the register at close of
business on 15 July 2005.

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


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