Holding(s) in Company

RNS Number:6033T
Exeter Smaller Co's Income Fund Ld
23 December 2003

                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES


1)   Name of company
Exeter Smaller Companies Income Fund Limited

2)   Name of shareholder having a major interest
Britannic Asset Management

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
As per (2) above

4)   Name of the registered holder(s) and, if more than one holder, the
     number of shares held by each of them
Britannic Asset Management (Regd as Clydesdale Noms)  250,000 (0.39%)
Bukit-Investement Trusts (Regd as BNY (OCS) Noms Ltd) 3,909,090 (6.10%)

5)   Number of shares/amount of stock acquired
 3,909,090

6)   Percentage of issued class
6.10%

7)   Number of shares/amount of stock disposed
0.00

8)   Percentage of issued class
0.00%

9)   Class of security
Ordinary

10)  Date of transaction
n/a

11)  Date company informed
16/12/03

12)  Total holding following this notification
4,159,090

13)  Total percentage holding of issued class following this notification
6.49%

14)  Any additional information
No

15)  Name of contact and telephone number for queries
David Le Boutillier: 01481 710607

16)  Date of notification:
19/12/03


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