RNS Number:4438T
Shires Smaller Companies PLC
18 December 2003


SHIRES SMALLER COMPANIES plc

The Net Asset Value of Shires Smaller Companies plc as at close of business on
17 December 2003 was 174.0p.


Shires Smaller Companies plc, an investment trust, is managed by Glasgow
Investment Managers Limited.



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

END
NAVGGMMZVRMGFZM