PVI Private Inv.

    To: Stock Exchange                            For immediate
                                              release:
                                              24 September 2004


                       PRIVATE INVESTORS CAPITAL TRUST plc

                          Corrections to Annual Report

The company announces that there were errors in two of the tables in its Annual
Report & Accounts for the year to 31 May 2004, which were posted out to
shareholders on Monday 6th September 2004, as follows:

(1)  The following information regarding notifications received by the company
     of interests in its ordinary share capital requires to be substituted for that
     appearing in the Directors' Report, at page 11:
     
     The company has been notified of the following interests exceeding 3 per
     cent in its ordinary share capital in addition to the interests of its
     directors set out in note 16 to the accounts on page 35:
     
  Ordinary share capital as at 31          5,456,589 shares
  May 2004
                                   
  Clients of Adam and Company               638,707   11.7%
  Investment Management Limited
  Clients of Speirs and Jeffrey             593,244   10.9%
  Discretionary clients of                  395,793    7.3%
  Rathbone Brothers Plc
  Clients of Smith and Williamson           305,742    5.6%
  Clients of Tilney Investment              266,500    4.9%
  Management
  Troy Asset Management                     232,500    4.3%
     
     Since the year end the company is aware that Troy Asset Management has
     increased its holding by a further 60,000 shares and clients of Smith and
     Williamson by 15,000.

(2)  The following information should be substituted for that which appears in
     note 16 to the Accounts appearing on page 35 headed " Directors'
     Shareholdings":
     
     
  Director         Convertible Bonds    Ordinary �1 Shares
                  31 May     31 May    31 May     31 May
                  2004       2003      2004       2003
  N Dunn (i)          -          -         56,000     45,000
  N Dunn as           -          -         15,000     15,000
  trustee (i)
  J Ivory (ii)      100,000    100,000    299,413    299,413
  J Ivory as          -          -         25,049     23,049
  trustee (ii)
  PJA Leggate (iii)   -          -          8,500      5,500
  PJA Leggate as      -          -         64,000     67,000
  trustee (iii)
  Sir David           -          -         40,050     20,050
  Thomson, BT
  Sarah Bates         -          -         20,000     -


     (i)N Dunn as Trustee: the holding as at 31st May 2004 is 15,000, the same as
     2003, and not 26,000 as was incorrectly noted in the Accounts.
     
     (ii)J Ivory as Trustee: the holding as at 31st May 2004 is 25,049.  This
     includes 14,970 shares held as Trustee prior to Mr Ivory becoming a
     Director in 2001 and not reported at that time, and 2,000 shares added to
     this holding on 30th December 2003 which were not reported following their
     acquisition.
     
     (iii)P J A Leggate: the holding as at 31st May 2004 was incorrectly reported
     as 11,500 shares and is 8,500 shares.  On  26th April 2004, 3,000 shares
     were transferred from Mr Leggate's holdings as a Trustee to Mr Leggate's
     own name and were not reported at the time of transfer.
     
     
     

                                    - ends -

For further information, please contact:


Isobel Hunter                           
Adam and Company Investment Management  0131 225 8484
Limited

Private Inv. (LSE:PVI)
Gráfica de Acción Histórica
De May 2024 a Jun 2024

Private Inv. (LSE:PVI)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024