RNS Number:4065U
Progressive Geared Income Trust PLC
19 January 2004


Progressive Geared Income Trust plc announces that its unaudited net asset value
as at 16 January 2004 was #7.043 million, representing 15.65p per ordinary
share.
Investments in the Company's portfolio have been valued at mid market price in
the above net asset value calculation.
Visit our website at http://www.pro-asset.com/













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

END
NAVFGGMMNLFGDZM