Net Asset Value(s)

Glasgow Income Trust PLC
14 March 2007






GLASGOW INCOME TRUST plc





The Net Asset Value of Glasgow Income Trust plc as at close of business on 13
March 2007 was 99.2p.


This NAV has been prepared on the basis of guidance issued by the Association of
Investment Companies (AIC). It includes the net income after expenses and
dividends declared for the five month period to 28 February 2007. The AIC
recommends Investments be valued at bid price.





Glasgow Income Trust plc, an investment trust, is managed by Glasgow Investment
Managers Limited.



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