RNS Number:6955Q
Royal London UK Eqty&Income Tst PLC
29 January 2002



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

DISCLOSURE OF INTERESTS IN SHARES



The Company was today notified that, on 24 January 2002, Aberdeen Asset Managers
Limited ("AAML") sold 2,500,000 ordinary shares of 1 pence each in the Company on behalf
of Aberdeen High Income Trust Plc. As a result of this transaction, Aberdeen High Income
Trust Plc now has an interest In 3,006,768 ordinary shares of 1 pence each in the Company,
representing 4.3% of the issued share capital of that class.

The Company was simultaneously informed of the following transactions, which
both occurred on 24

January 2002:

1           AAML sold 481,156 ordinary shares of 1 pence each in the Company on behalf of discretionary
            funds under management.

2           AAML purchased 3,981,156 ordinary shares of 1 pence each in the Company on
            behalf of Aberdeen Preferred Income Trust Plc ("APITL"). As a result of this transaction,

            APITL now holds 6,032,406 ordinary shares of 1 pence each in the Company, representing
            8.62% of the issued share capital of that class.

3           AAML sold 1,000,000 ordinary shares of 1 pence each in the Company on behalf of
            Leveraged Income Fund Limited ("LIFL"). As a result of this transaction, LIFL now holds
            1,423,800 ordinary shares of 1 pence each in the Company, representing 2.03% of
            the issued share capital of that class.

As a result of these transactions, the aggregate number of shares in the Company
managed by AAML and its associated companies remains 15,125,000 ordinary shares of 1 pence each,
representing 21.61% of the issued share capital of that class.

Clients of AAML are detailed as follows:
Fund Name                                                         Current Holding                 Percentage
Aberdeen High Income Trust PLC                                       3,006,768                       4.30
Aberdeen Preferred Income Trust PLC                                  6,032,406                       8.62
St David's Investment Trust Plc                                      2,693,000                       3.85
Leveraged Income Fund Limited                                        1,423,800                       2.03
Real Estate Opportunities Limited                                    1,213,891                       1.73
Various                                                               755,135                        1.08
Total                                                                15,125,000                     21.61


29 JANUARY 2002



                                 - END -

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