Top ten holdings

Shires Income PLC
03 October 2006


3 October 2006


SHIRES INCOME PLC


In accordance with UKLA Listing Rule 21.20 (1) (ii), Shires Income PLC announces
that at 29 September 2006 the ten largest investments held were as follows:

Company                                            £     % of
                                                     Total Assets

Shires Smaller Companies                   9,910,000      8.6
Severn Trent Ord                           6,007,500      5.2
Standard Chartered                         5,616,500      4.9
Abbey National 10.375% Pref                5,489,000      4.7
Lloyds TSB Group Ord                       4,985,750      4.3
Legal & General Group                      4,978,750      4.3
Mackintosh High Income Fund                4,848,322      4.2
Bradford & Bingley Ord                     4,727,500      4.1
Royal & SunAlliance 7 3/8% Pref            4,331,250      3.7
Pennon Group Ord                           4,279,800      3.7


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