RNS Number:3995S
Britannic Smaller Companies Tst PLC
24 November 2003


Announcement begins

Britannic Smaller Companies Trust PLC announces that as at the close of business
on 21 November 2003, the unaudited net asset value per share as calculated in
accordance with the AITC formula (excluding current financial year revenue
items) was 177.83p.

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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