Dividend Declaration

Shires Income PLC
7 March 2002

News Release



7 March 2002



Shires Income plc
Third Interim Dividend


The Board of Shires Income plc has declared a third interim dividend of 4.4p per
share in respect of the year to 31 March 2002 (third interim 2001 - 4.35p)
payable on 30 April 2002 to shareholders on the register at close of business on
5 April 2002.  The total of the three interim dividends declared for the year to
31 March 2002 is 13.2p per share (2001 - 13.05p).



Shires Income plc is managed by Glasgow Investment Managers Limited.



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