RNS Number:2467T
Britannic Smaller Companies Tst PLC
15 December 2003



Announcement begins



Britannic Smaller Companies Trust PLC announces that as at the close of business
on 12 December 2003, the unaudited net asset value per share as calculated in
accordance with the AITC formula (excluding current financial year revenue
items) was 179.96p.









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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