RNS Number:8014T
Shires Smaller Companies PLC
02 January 2004

                         SHIRES SMALLER COMPANIES plc

The Net Asset Value of Shires Smaller Companies plc as at close of business on
31 December 2003 was 178.3p.

Shires Smaller Companies plc, an investment trust, is managed by Glasgow
Investment Managers Limited.



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

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