Holding(s) in Company

Shires Income PLC
19 June 2002

                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES


1)   Name of company:  Shires Income plc

2)   Name of shareholder having a major interest: Legal & General Investment
     Management

3)   Please state whether notification indicates that it is in respect of
     holding of the shareholder named in 2 above or in respect of a
     non-beneficial interest or in the case of an individual holder if it is a
     holding of that person's spouse or children under the age of 18:  as above

4)   Name of the registered holder(s) and, if more than one holder, the
     number of shares held by each of them

      HSBC Global Custody Nominee (UK) Ltd A/c 775245       108,361
      HSBC Global Custody Nominee (UK) Ltd A/c 360509       40,000
      HSBC Global Custody Nominee (UK) Ltd A/c 357206       685,253
      HSBC Global Custody Nominee (UK) Ltd A/c 747381       44,515
      HSBC Global Custody Nominee (UK) Ltd A/c 866203       16,000

                                                            894,129




5)   Number of shares/amount of stock acquired:  70,000

6)   Percentage of issued class:

7)   Number of shares/amount of stock disposed

8)   Percentage of issued class

9)   Class of security: Ordinary 50p shares

10)  Date of transaction:  14 June 2002

11)  Date company informed:  19 June 2002

12)  Total holding following this notification:     894,129

13)  Total percentage holding of issued class following this notification:
3.01%

14)  Any additional information

15)  Name of contact and telephone number for queries:  Fiona A McLean - 0141
572 2700

16)  Name and signature of authorised company official responsible for
     making this notification: Michael A Carney



     Date of notification:  19 June 2002






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