RNS Number:6555I
Framlington Income&Capital Tst PLC
12 March 2003

                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES

1. Name of company
Framlington Income & Capital Trust PLC

2. Name of shareholder having a major interest
Exeter Asset Management Limited

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
In respect of funds managed by shareholder in (2) above

4. Name of the registered holder(s) and, if more than one holder, the number of
shares held by each of them
Not advised

5. Number of shares / amount of stock acquired
150,000

6. Percentage of issued class
0.60%

7. Number of shares / amount of stock disposed
Nil

8. Percentage of issued class
Nil

9. Class of security
25p Capital shares

10. Date of transaction
11 March 2003

11. Date company informed
12 March 2003

12. Total holding following this notification
3,475,000

13. Total percentage holding of issued class following this notification
14.00%

14. Any additional information

Shareholding held as follows:

Exeter Capital Growth Fund - 2,375,000

Exeter Global Opportunities Fund - 1,100,000

15. Name of contact and telephone number for queries
Christopher Wise

020 7330 6680

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

Date of notification
12 March 2003

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for loss of business or loss of profits) arising in contract, tort or otherwise
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it, or from any action or decision taken as a result of using this document or
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