Dividend Declaration

Shires Income PLC
23 November 2000


News Release

23 November 2000

                              Shires Income plc

                           Second Interim Dividend


The Board of Shires Income plc has declared a second interim dividend of 4.35p
per share in respect of the year to 31 March 2001 (second interim 2000 - 4.3p)
payable on 31 January 2001 to shareholders on the register at close of
business on 12 January 2001. The total of the first and second interim
dividends declared for the year to 31 March 2001 is 8.7p per share (2000 -
8.6p).


Shires Income plc is managed by Glasgow Investment Managers.