RNS Number:2328P
Private Investors Capital Trust PLC
01 September 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 29th August 2003 was 321.93p. 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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