Holding in Company

RNS Number:6409I
Framlington Income&Capital Tst PLC
16 August 2001


1.    Name of Company:                                Framlington Income &
                                                      Capital Trust PLC

2.    Name of shareholder having a major interest:    Pavilion Geared Recovery
                                                      Trust plc

3     Name of the registered holder(s) and, if more
      than one holder, the number of shares held by
      each of them:                                   HSBC Global Custody
                                                      Nominees Ltd. Designated
                                                      899488

4.    Number of shares acquired:                      2,500,000


5.    Percentage of issued class acquired:            6.39%


6.    Number of shares disposed:                      N/A


7.    Percentage of issued class disposed:            N/A


8.    Class of security:                              Income shares of 25p each

9.    Date of transaction:                            Not advised


10.   Date company informed:                          16 August 2001


11.   Total holding following this notification:      2,500,000


12.   Total percentage holding of issued class        6.39%
      following this notification:


13.   Any additional information:


14.   Name of contact and telephone number for        Robert Hoskin   
      queries:                                        020 7330 6634

15.   Name of authorised company official responsible
      for making this notification:
                                                      Robert Hoskin

16.   Date of notification:                           16 August 2001