PGR Phoenix Global Resources Plc

RNS Number:2345L
Pavilion Geared Recovery Trust PLC
5 October 2001

PAVILION GEARED RECOVERY TRUST PLC

The Company announces that the Net Asset Values at 30 September 2001 were:

per Ordinary Income share                                                67.78p
per Zero Dividend Preference share                                      101.12p

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