Royal Ldn UK E&I Tst - Net Asset Value(s)

RNS Number:3178M
Royal London UK Eqty&Income Tst PLC
22 January 2008

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

As at close of business on 18 January 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 = 32.15
pence*

NAV per Annuity Share = 75.00 pence

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

As at close of business 18 January 2008, the NAV per Zero Dividend Preference

share of the Subsidiary, a wholly owned subsidiary of the Company = 170.24
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.

BNP Paribas Secretarial Services Limited

Secretary

22 JANUARY 2008

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