RNS Number:0997U
Britannic Smaller Companies Tst PLC
12 January 2004




Announcement begins



Britannic Smaller Companies Trust PLC announces that as at the close of business
on 9 January 2004, the unaudited net asset value per share as calculated in
accordance with the AITC formula (excluding current financial year revenue
items) was 185.58p.









For further information contact:



Donna Reid

Britannic Investment Managers Limited

0141 - 222 - 8257



Announcement Ends




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