RNS Number:4328Q
Private Investors Capital Trust PLC
01 October 2003


PRIVATE INVESTORS CAPITAL TRUST PLC

Adam & Company Investment Management Limited, the managers of Private Investors
Capital Trust (PICT) announce that the unaudited Net Asset Value of PICT
ordinary shares as at 30th September 2003 was 307.26p. This assumes conversion
of the Convertible Bonds and does not include any income retention for the year
to-date.


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

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