LeggMason Investors International Utilities Trust plc
Partial Repayment of Bank Loan
In consideration of the Company's short remaining life (31 December 2003) and
the continuing volatility within the global utility sector, the Directors have
considered it prudent to reduce bank indebtedness. Accordingly the Company has
repaid $41.8 million (£29.7 million) of its loan facility with Halifax Bank of
Scotland. Breakage costs of £8,935 have been incurred.
Following this repayment, the Company has total assets (based on mid-market
valuations as at 22 October 2002) of £145.5 million and borrowings of $37.7
million (£24.4 million).
Andrew Whalley 020 7070 7450