RNS Number:4975T
Royal London UK Eqty&Income Tst PLC
30 April 2008

ROYAL LONDON UK EQUITY & INCOME TRUST PLC (the "Company")

As at close of business on 25 April 2008, the unaudited net asset value ("NAV")
per share class of

the Company calculated in accordance with the AIC formula was:



NAV per Ordinary Share excluding current financial year revenue items = 32.35
pence

NAV per Annuity Share = 75.00 pence*





ROYAL LONDON UK EQUITY & INCOME SECURITIES PLC (the "Subsidiary")

As at close of business 25 April 2008, the NAV per Zero Dividend Preference

share of the Subsidiary, a wholly owned subsidiary of the Company = 174.12
pence.



*Notes:

1.  The investments are valued at bid and the bank loan is included at fair
value.

2.  The NAV of 75.00 pence per Annuity Share stated above is the amount payable
to Annuity Shareholders according to the Articles of Association on their
redemption date of 14 September 2021. Consent of the Annuity Shareholders to a
winding-up prior to that date would be required.  The Articles do not provide a
formula to be used in such an event and any settlement would need to be
negotiated with the Annuity Shareholders.  The NAV of 75.00 pence should not be
taken as reflecting such an amount.

3. The NAV per Ordinary Share stated above includes a payment from Royal London
Asset Management Limited in respect of a refund of VAT on management fees.



BNP Paribas Secretarial Services Limited

Secretary



30 APRIL 2008


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