RNS Number:9361P
Shires Smaller Companies PLC
18 September 2003

                          SHIRES SMALLER COMPANIES plc

The Net Asset Value of Shires Smaller Companies plc as at close of business on
17 September 2003 was 182.4p.

Shires Smaller Companies plc, an investment trust, is managed by Glasgow
Investment Managers Limited.



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

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