RNS Number:1660R
M&G Income Investment Company Ltd
22 October 2003


The Board wish to announce that the net asset value of the Company at 12.00pm on
the 21st October 2003 was #165.5 million

Zero dividend Shares                 =                  38.92   Pence
Ordinary Shares                      =     25.32xd              pence
Package units                        =     89.56xd              pence









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

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