Top 10 Holdings

Glasgow Income Trust PLC
04 July 2006


4 July 2006

GLASGOW INCOME TRUST PLC

In accordance with UKLA Listing Rule 21.20 (1) (ii), Glasgow Income Trust PLC
announces that at 30 June 2006 the ten largest investments held were as follows:

Company                                            £     % of
                                                     Total Assets

Pendragon                                  3,492,450      2.9
Rentokil (includes fixed interest          3,453,190      2.9
stocks)
BAE Systems 7.75% Cum Conv                 3,302,775      2.7
Lloyds TSB (includes fixed interest        3,004,852      2.5
stocks)
European Motor Holdings                    2,895,796      2.4
Severn Trent                               2,872,911      2.4
Balfour Beatty (includes fixed             2,689,597      2.2
interest stocks)
Speedy Hire                                2,623,500      2.2
Old Mutual                                 2,608,000      2.2
Bradford & Bingley                         2,582,629      2.1



Glasgow Income Trust plc is managed by Glasgow Investment Managers Limited



                      This information is provided by RNS
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