RNS Number:8395L
CI Income Fund Limited
03 June 2003

The directors of CI Income Fund Limited today announce that the Net Asset Value
per Ordinary Share based on mid market prices as at 31 May 2003 was 0.00 pence
and 0.00 per Zero Dividend Preference Share. The Company is continuing with the
support of Bank of Scotland.

Please note that the Ordinary Shares and Zero Dividend Preference shares have
been suspended from the Official List of the UK Listing Authority and The
Channel Islands Stock Exchange and have ceased trading on the London Stock
Exchange and The Channel Islands Stock Exchange.

Enquiries to:     Collins Stewart Fund Management Limited

     TSB House

     Le Truchot

     St Peter Port

     Guernsey     GY1 4AE


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