Top Ten Holdings

Shires Income PLC
04 October 2005


4 October 2005

SHIRES INCOME PLC

In accordance with UKLA Listing Rule 21.20 (1) (ii), Shires Income PLC announces
that at 30 September 2005 the ten largest investments held were as follows:

Company                                                    £        % of
                                                                Total Assets

Shires Smaller Companies                          16,691,475              15.3
BPB                                                5,520,000               5.1
Peninsular & Oriental Deferred Stock               5,344,000               4.9
Severn Trent                                       4,459,500               4.1
Friends Provident                                  4,025,646               3.7
Legal & General                                    3,972,500               3.6
Lloyds TSB Group                                   3,736,000               3.4
General Accident 7 7/8% Cum Irr Pref Shares        3,647,000               3.3
BBA Group                                          3,605,142               3.3
Gallaher Group                                     3,520,000               3.2

Shires Income plc is managed by Glasgow Investment Managers Limited




                      This information is provided by RNS
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