Net Asset Value(s)

RNS Number:3230T
Royal London UK Eqty&Income Tst PLC
16 December 2003

ROYAL LONDON UK EQUITY & INCOME TRUST PLC (the "Company")

As at close of business on 12 December 2003, the Net Asset Value ("NAV") per
share class of

the Company was:



NAV per Ordinary Share = 6.02 pence

NAV per Annuity Share = 88.09 pence*

*Includes accrued dividends of 13.085 pence in respect of the year ended 31
August 2003



ROYAL LONDON UK EQUITY & INCOME SECURITIES PLC (the "Subsidiary")

As at close of business on 12 December 2003, the Net Asset Value per ZDP share

of the Subsidiary, a wholly owned subsidiary of the Company, was:



ZDP share of the Subsidiary = 120.69 pence.



16 DECEMBER 2003



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