Net Asset Value(s)

Shires Income PLC
23 August 2006


                               Shires Income plc


The Net Asset Value of Shires Income plc as at close of business on 22 August
2006 was 293.8p.


This NAV has been prepared on the basis of guidance issued by the Association of
Investment Trust Companies (AITC). The AITC recommends Investments be valued at
bid price.


Shires Income plc, an investment trust, is managed by Glasgow Investment
Managers Limited.



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