RNS Number:9955Q
Shires Smaller Companies PLC
16 October 2003

                      SHIRES SMALLER COMPANIES plc

The Net Asset Value of Shires Smaller Companies plc as at close of business on
15 October 2003 was 186.7p.

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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