RNS Number:3210M
Govett European Tech & Inc Tst PLC
13 June 2003


The following are the estimated values based on mid market prices at the close of business on

12th June 2003:
                                                                    Ordinary share NAV (capital Gross Assets (capital
                                                                    only)                       only)
Govett European Technology & Income Trust PLC                       0.00p                       #1.46m*

                                                                    Zero Dividend Preference    Preferred Income share
                                                                    share NAV (capital only)    NAV
Govett European Technology & Income Trust PLC                       15.89p*                     0.00p



* Following the announcement on Wednesday 11 June 2003 confirming that the
Proposals set out in the Company's circular dated 16 May 2003 ("The Proposals")
cannot proceed and the Company will not be wound up at this stage, the basis of
calculating the Company's estimated NAV has been amended. The previously
reported Capital Only NAV (calculated on a going concern basis, with reference
to the Company's articles of association) now includes the estimated costs
incurred by the Company in relation to The Proposals and the Company's unaudited
revenue account losses to 11 June 2003. It will continue to exclude all future
exceptional costs and revenue account losses, unless otherwise stated.


13th June 2003


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