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Gartmore High Income (GHI)

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Monday 29 March, 2004

Gartmore High Income

Transaction in Own Shares


Gartmore High Income Trust PLC

Purchase of Ordinary Income Shares

On 29th March 2004, Gartmore High Income Trust PLC repurchased for cancellation
355,000 Ordinary Income shares at a price of 21.5p per share.

 

This repurchase of Ordinary Income shares, pursuant to a general authority
given by shareholders at the Company's Annual General Meeting on 17th July
2003, represents 0.89% of the shares in issue. The transaction has reduced the
number of Ordinary Income shares in issue to 39,557,386.

Purchase of Zero Dividend Preference Shares

On 29th March 2004, Gartmore High Income Securities PLC repurchased for
cancellation 125,000 Zero Dividend Preference shares at a price of 145p per
share. Gartmore High Income Securities is a wholly owned subsidiary of Gartmore
High Income Trust PLC.

 

This repurchase of Zero Dividend Preference shares, pursuant to a general
authority given by shareholders at the Company's Annual General Meeting on 17th
July 2003, represents 0.89% of the shares in issue. The transaction has reduced
the number of Zero Dividend Preference shares in issue to 13,922,455.

Gartmore Investment Limited

29th March 2004