Net Asset Value(s)

    RNS Number : 3636U
  Royal London UK Eqty&Income Tst PLC
  13 May 2008
   

    ROYAL LONDON UK EQUITY & INCOME TRUST PLC (the "Company")
    As at close of business on 9 May 2008, the unaudited net asset value ("NAV") per share class of the Company calculated in accordance
with the AIC formula was:

    NAV per Ordinary Share excluding current financial year revenue items = 34.09 pence
    NAV per Annuity Share = 75.00 pence*


    ROYAL LONDON UK EQUITY & INCOME SECURITIES PLC (the "Subsidiary")
    As at close of business 9 May 2008, the NAV per Zero Dividend Preference share of the Subsidiary, a wholly owned subsidiary of the
Company = 174.68 pence. 

    *Notes:
    1. The investments are valued at bid and the bank loan is included at fair value. 
    2. The NAV of 75.00 pence per Annuity Share stated above is the amount payable to Annuity Shareholders according to the Articles of
Association on their redemption date of 14 September 2021. Consent of the Annuity Shareholders to a winding-up prior to that date would be
required. The Articles do not provide a formula to be used in such an event and any settlement would need to be negotiated with the Annuity
Shareholders. The NAV of 75.00 pence should not be taken as reflecting such an amount.
    3. The NAV per Ordinary Share stated above includes a payment from Royal London Asset Management in respect of a refund of VAT on
management fees, further details of which can be found in the Chairman's Statement in the Company's Interim Report for the half year ended
29 February 2008.

    BNP Paribas Secretarial Services Limited
    Secretary 

    13 MAY 2008
This information is provided by RNS
The company news service from the London Stock Exchange
 
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