Net Asset Value(s)

Shires Income PLC
10 August 2005


                            Shires Income plc


The Net Asset Value of Shires Income plc as at close of business on 9 August
2005 was 270.0p.

This NAV has been prepared under the Company's existing accounting policies and
not International Accounting Standards.

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



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