RNS Number:3149N
Private Investors Capital Trust PLC
08 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 4th July 2003 was 297.45p. This assumes conversion of the
Convertible Bonds and does not include any income retention for the year
to-date.






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            The company news service from the London Stock Exchange

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