Directorate Change

Shires Income PLC
12 February 2004

12 February 2004

Shires Income Plc Appoints New Non-Executive Director

The Board of Shires Income plc announces the appointment of David Kidd as a
Non-Executive Director with effect from 12 February 2004.

The details requiring to be disclosed under Listing Rule 16.4 will be announced
within 14 days of the effective date of appointment.

Shires Income plc is managed by Glasgow Investment Managers Limited




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