RNS Number:5457T
Private Investors Capital Trust PLC
22 December 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 19th December 2003 was 319.80p. 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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