Net Asset Value(s)-Replacemnt

Glasgow Income Trust PLC
03 October 2002

GLASGOW INCOME TRUST plc


The following replaces the Net Asset Value announcement released on 3 October
2002 at 12.34 under RNS 0318C.

The Net Asset Value of Glasgow Income Trust plc as at close of business on 2
October 2002 was 53.4p and not 52.4p as previously reported.

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


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