RNS Number:3459R
Private Investors Capital Trust PLC
27 October 2003

                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES

1. Name of company

Private Investors Capital Trust PLC

2. Name of shareholder having a major interest

Troy Asset Management Limited

3. Please state whether notification indicates that it is in respect of holding
of the shareholder named in 2 above or in respect of a non-beneficial interest
or in the case of an individual holder if it is a holding of that person's
spouse or children under the age of 18

Non-beneficial interest

4. Name of the registered holder(s) and, if more than one holder, the number of
shares held by each of them

Adam & Company Nominess A/C Troy 152,500 shares
Frank Nominess 25,000 shares

5. Number of shares / amount of stock acquired

100,000 Ordinary shares

6. Percentage of issued class

1.8%

7. Number of shares / amount of stock disposed


8. Percentage of issued class


9. Class of security


10. Date of transaction

28th August 2003



11. Date company informed

15th October 2003

12. Total holding following this notification

177,500

13. Total percentage holding of issued class following this notification

3.2%

14. Contact name for queries

Ivan Blair of Adam & Company Investment Management Limited

15. Contact telephone number

0131 472 7973

16. Name of authorised company official responsible for making this notification

As above

17. Date of notification

27th October 2003


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

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