Holdings in UK listed companies

    Exeter Selective Assets Investment Trust PLC (the "Company")

In accordance with UKLA Listing Rule 21.20(l)(i), the following list represents
the Company's investments, as at 30th November 2003, in other UK listed
investment companies (including investment trusts) which themselves do not have
a stated investment policy to invest no more than 15% of their gross assets in
other UK listed investment companies (including investment trusts):

Name of company                   Class of Share                 £'000    
                                                                          
BC Property Securities            Zero dividend preference       1505     
                                                                          
BFS Income & Growth               Zero coupon preference         119      
                                                                          
BFS Managed Properties            Ordinary                       255      
                                                                          
BFS UK Dual Return Trust          Capital                        15       
                                                                          
BFS UK Dual Return Trust          Zero dividend preference       595      
                                                                          
BFS UK Dual Return Trust          Geared Unit                    62       
                                                                          
Blue Chip Value & Income Fund     Ordinary                       210      
                                                                          
Blue Chip Value & Income Fund     Warrants                       11       
                                                                          
Britannic UK Income               Ordinary                       37       
                                                                          
ESCIF Securities                  Zero dividend preference       345      
                                                                          
Edinburgh Pacific & Income        Ordinary                       6        
                                                                          
Electra                           Ordinary                       423      
                                                                          
ELIT Zeros                        Zero dividend preference       5        
                                                                          
Framlington Global Financial &    Ordinary                       6        
Income                                                                    
                                                                          
GAGIT Securities                  Zero dividend preference       611      
                                                                          
Investment Trust of Investment    Zero dividend preference       5        
Trusts                                                                    
                                                                          
Jove                              Income                         111      
                                                                          
Jupiter Financial                 Ordinary                       270      
                                                                          
Morley Absolute Growth            Zero dividend preference       637      
                                                                          
Recovery                          Zero dividend preference       311      

These holdings represent 23.9% of the value of the Company's investment
portfolio at

30 November 2003.

02.12.03



END