RNS Number:4599T
Pavilion Geared Recovery Trust PLC
22 March 2002

PAVILION GEARED RECOVERY TRUST PLC

The Company announces that the Net Asset Values at 20 March 2002 were:

per Ordinary Income share                               51.11p

per Zero Dividend Preference share                     105.28p


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