Top Ten Investments

Shires Income PLC
04 April 2005


4 April 2005

SHIRES INCOME PLC

In accordance with UKLA Listing Rule 21.20 (1) (ii), Shires Income PLC announces
that at 31 March 2005 the ten largest investments held were as follows:

Company                                                    £        % of
                                                                Total Assets

Shires Smaller Companies                          14,805,433              14.3
Aviva (includes fixed interest stocks)             5,913,750               5.7
Peninsular & Oriental Deferred Stock               4,632,000               4.5
Severn Trent                                       4,117,500               4.0
Legal & General                                    3,963,750               3.8
Lloyds TSB Group                                   3,824,000               3.7
BPB                                                3,723,750               3.6
BBA (includes fixed interest stocks)               3,661,750               3.5
General Accident 7 7/8% Cum Irr Pref Shares        3,416,000               3.3
British American Tobacco                           3,265,500               3.1

Shires Income plc is managed by Glasgow Investment Managers Limited




                      This information is provided by RNS
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