Top 10 Holdings

Shires Income PLC
04 April 2006


4 April 2006



SHIRES INCOME PLC


In accordance with UKLA Listing Rule 21.20 (1) (ii), Shires Income PLC announces
that at 31 March 2006 the ten largest investments held were as follows:

Company                                                   £          % of
                                                                 Total Assets


Shires Smaller Companies                         10,640,000                8.9
Abbey National 10.375% Pref & Ord                 6,705,800                5.6
Lloyds TSB Group Ord                              5,087,500                4.3
Severn Trent Ord                                  5,022,000                4.2
Bradford & Bingley Ord                            4,990,000                4.2
Legal & General                                   4,961,250                4.2
Friends Provident Ord                             4,483,106                3.8
Ryl & SunAlliance 7 3/8% Pref                     4,434,375                3.7
Gen Accident Prefs & Ord                          4,368,000                3.7
Aviva 8.75% Cum IRR Prf GBP1                      3,736,250                3.1


Shires Income plc is managed by Glasgow Investment Managers Limited


                      This information is provided by RNS
            The company news service from the London Stock Exchange