RNS Number:1007R
Private Investors Capital Trust PLC
20 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 17th October 2003 was 322.12p. 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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