RNS Number:1540N
Private Investors Capital Trust PLC
03 July 2003



PRIVATE INVESTORS CAPITAL TRUST PLC

Adam & Company Investment Management Limited, the managers of Private Investors
Capital Trust plc (PICT) announce that the unaudited Net Asset Value of PICT
ordinary shares as at 30th June 2003 was 298.78p. This assumes conversion of the
Convertible Bonds and does not include any income retention for the year
to-date.






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