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Special Utilities IT (SPLI)

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Wednesday 05 February, 2003

Special Utilities IT

Conversion of Securities

Special Utilities Inv Tst PLC
05 February 2003

                   The Special Utilities Investment Trust PLC

                              EXERCISE OF WARRANTS

6 Warrantholders exercised their right to subscribe for 'S' ordinary shares on
31 January 2003.

This has resulted in the allotment of 6,000 'S' ordinary shares of 1p ranking
pari passu with the existing 'S' ordinary shares in issue.

The number of issued 'S' ordinary shares outstanding is now therefore 19,377,302
and the number of warrants has decreased to 3,847,698.


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

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