RNS Number:9740S
Britannic Smaller Companies Tst PLC
08 December 2003



Announcement begins

Britannic Smaller Companies Trust PLC announces that as at the close of business
on 5 December 2003, the unaudited net asset value per share as calculated in
accordance with the AITC formula (excluding current financial year revenue
items) was 179.35p.



For further information contact:

Donna Reid
Britannic Investment Managers Limited
0141 - 222 - 8257


Announcement Ends




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