RNS Number:7678N
Private Investors Capital Trust PLC
21 July 2003





PRIVATE INVESTORS CAPITAL TRUST PLC

Adam & Company Investment Management Limited, the managers of Private Investors
Capital Trust (PICT) announce that the unaudited Net Asset Value of PICT
ordinary shares as at 18th July 2003 was 309.16p. This assumes conversion of the
Convertible Bonds and does not include any income retention for the year
to-date.




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

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