RNS No 9813r
GUINNESS FLIGHT GEARED INCOME & GROWTH TRUST PLC
6 July 1999

The company announces the following unaudited data relating to its portfolio
of investments as at 2 July 1999:

Total Assets                                               #66,592,052
Total Bank debt                                            #18,150,000
Net assets                                                 #48,442,052
NAV per Zero Dividend preference share                     105.50 pence 
NAV (excluding income) per Income share                    100.00 pence 
NAV (excluding income) per Geared ordinary share           186.95 pence 

END

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