RLU Royal Lon Tst

RNS Number:6977D
Royal London UK Eqty&Income Tst PLC
11 September 2007

ROYAL LONDON UK EQUITY & INCOME TRUST PLC (the "Company")

 As at close of business on 7 September 2007, the unaudited net asset value
("NAV") per share class of

the Company calculated in accordance with the AIC formula was:



NAV per Ordinary Share excluding current financial year revenue items = 38.87
pence*

NAV per Annuity Share = 75.00 pence



ROYAL LONDON UK EQUITY & INCOME SECURITIES PLC (the "Subsidiary")

As at close of business 7 September 2007, the NAV per Zero Dividend Preference

share of the Subsidiary, a wholly owned subsidiary of the Company = 165.12
pence.

*Notes:

 1. The investments are valued at bid and the bank loan is included at fair
    value.
 2. Consent of the Annuity Shareholders to a winding up prior to their redemption
    date of 14

    September 2021 may require that Annuity Shareholders are paid an amount
    equivalent to

    at least the yield of 8.2% per annum. For illustrative purposes only, if a
    voluntary winding-up

    of the Company were to occur on 14 September 2008, when the Zero Dividend
    Preference

    Shares of the Subsidiary are to be repaid, a payment of 95.3p per Annuity
    Share would be

    required in order to achieve the yield of 8.2% per annum on the Annuity
    Shares which would

    reduce the amount attributable to the Ordinary Shareholders by 8.7p per
    Share.





BNP Paribas Secretarial Services Limited

Secretary

11 SEPTEMBER 2007


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