Holding(s) in Company

RNS Number:1108M
Accelerated Return Fund Limited
09 June 2003


                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES


1. Name of company

The Accelerated Return Fund Limited


2. Name of shareholder having a major interest

Exeter Zero Preference Fund


3. Please state whether notification indicates that it is in respect of holding
of the shareholder named in 2 above or in respect of a non-beneficial interest
or in the case of an individual holder if it is a holding of that person's
spouse or children under the age of 18

Notification in respect of shareholder


4. Name of the registered holder(s) and, if more than one holder, the number of
shares held by each of them

HSBC Global Custody Nominee (UK) Limited a/c 732376


5. Number of shares / amount of stock acquired    

425,000


6. Percentage of issued class

1.82%


7. Number of shares / amount of stock disposed


8. Percentage of issued class


9. Class of security

Participating shares of 0.01 pence each


10. Date of transaction

6 June 2003


11. Date company informed

6 June 2003


12. Total holding following this notification

925,000


13. Total percentage holding of issued class following this notification

3.97%


14. Any additional information


15. Name of contact and telephone number for queries

John R Le Prevost
for Anson Fund Managers Limited, Company Secretary
Telephone Number 01481 722260


16. Name and signature of authorised company official responsible for making
this notification

Anson Fund Managers Limited
Company Secretary


Date of notification

9 June 2003


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