Net Asset Value(s)
THE SECOND ALLIANCE TRUST PLC NET ASSET VALUE At the close of business on Thursday 9th October 2003 the unaudited net asset value per 25p stock unit, valuing prior charges at par, was 2540p. Income after tax, interest and management expenses arising, but which is not included in the net asset value per stock unit above, was 15p per stock unit. Distribution of investments as at 30 September 2003 Geographical Distribution UK 52% USA 22% Europe 9% Japan 5% Rest of World 9% Fixed Income 2% Net Current Assets 1% Total 100% Industry Distribution Resources and Basic Industries 20% Capital Goods 8%