Date of Announcement:

02/07/2008

Net Asset Values per share as at close of business on 

01 July 2008

The unaudited net asset values (NAVs) of the companies noted below are in pence per share. These NAVs are calculated with financial liabilities at fair market value (except where noted otherwise) and in accordance with stated policies of individual trusts. Applicable accounting standards and AIC recommendations are followed.

Pence per share

Cum Income

Ex Income

F&C Managed Portfolio Trust plc - Income

90.19

89.14