Appointment of Receivers

RNS Number:5862Y
Media & Income Trust PLC
12 July 2002


APPOINTMENT OF ADMINISTRATIVE RECEIVERS

12 July 2002

Further to recent discussions with the Company's debt providers, the Board has
been considering the future of the Company. The Board has now invited the
Company's debt providers to appoint receivers following a further deterioration
in the value of the portfolio, causing its liabilities to exceed its assets.
Simon Bower and Mike Hore, two partners from RSM Robson Rhodes, have been
appointed as joint administrative receivers of The Media and Income Trust PLC.
The administrative receivers are committed to realising the best value from the
Company's portfolio and are exploring all the options open to them

The suspension of trading in all classes of shares in The Media and Income Trust
PLC and its subsidiary Media Zeros PLC was announced on 10 July 2002.

Enquiries

Aberdeen Asset Management

Chris Fishwick

Tel. 020 7463 6000

RSM Robson Rhodes

Simon Bower / Gareth Morris

Tel. 020 7865 2488



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

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