MEI Media And Income Trust Plc

RNS Number:8740K
Media & Income Trust PLC
28 September 2001


The issuer has made the following amendment to the net asset value
announcement released on 19th September at 16:32 under
RNS No 2808K.

The net asset value for the ordinary shares should read 7.63 and not 5.21. 

All other details remain unchanged.

The full corrected version is shown below.



ABERDEEN ASSET MANAGERS LIMITED announces the unaudited net
asset values of the following Investment Trusts as at close
of business on 14 September 2001:


TRUST                                                PENCE PER SHARE
                                                       SHARE   CLASS

Media and Income Trust                                   7.63 Ordinary
Media and Income Trust                                  76.14 Pref Inc

Furthermore, and not impacted by the above, total qualifying assets of the
Company have fallen below the level required by the loan to value covenants in
its loan agreements. 

The Company has subsequently agreed with its bankers that cash balances may be
deducted when calculating qualifying assets and total borrowings. This
arrangement, which assists the Company in complying with its banking covenants
by managing its liquidity, has been agreed to apply initially until 31 October
2001 and as at 27 September 2001, the ratio of bank indebtedness to total
qualifying assets amounted to 53.7 per cent. against a maximum permissible
level of 61 per cent. 

Given the recent volatile market background, the Company had been realising
certain of its assets for cash. As at 27 September 2001, cash represented
approximately 23.7 per cent. of total assets.

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