RNS Number:5840R
Britannic Smaller Companies Tst PLC
03 November 2003


Announcement begins


Britannic Smaller Companies Trust PLC announces that as at the close of business
on 31 October 2003, the unaudited net asset value per share as calculated in
accordance with the AITC formula (excluding current financial year revenue
items) was 180.84p.


For further information contact:



Donna Reid
Britannic Investment Managers Limited
0141 - 222 - 8257


Announcement Ends


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