RNS Number:6965R
Progressive Geared Income Trust PLC
05 November 2003


Progressive Geared Income Trust plc has been notified that, as at 30 October
2003, The Royal Bank of Scotland Group plc held an interest, in aggregate, in
5,990,000 shares in Progressive Geared Income Trust plc which represents 13.31%
of the total shares in issue.

The above holding is held on behalf of:

The Royal Bank of Scotland plc
and RBSG International Holdings Limited.


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

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