RNS Number:0472S
Shires Smaller Companies PLC
13 November 2003


                           SHIRES SMALLER COMPANIES plc

The Net Asset Value of Shires Smaller Companies plc as at close of business on
12 November 2003 was 181.3p.

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

END
NAVMGMMMKFRGFZM