RNS Number:3213S
Shires Smaller Companies PLC
20 November 2003





SHIRES SMALLER COMPANIES plc


The Net Asset Value of Shires Smaller Companies plc as at close of business on
19 November 2003 was 179.2p.


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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