RNS Number:1194U
Private Investors Capital Trust PLC
12 January 2004



PRIVATE INVESTORS CAPITAL TRUST PLC

Adam & Company Investment Management Limited, the managers of Private Investors
Capital Trust (PICT) announce that the unaudited Net Asset Value of PICT
ordinary shares as at 9th January 2004 was 325.55p. This assumes conversion of
the Convertible Bonds and does not include any income retention for the year
to-date.

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

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