Net Asset Value(s)

3 Jun 2005 15:38

Exeter Smaller Co's Income Fund Ld03 June 2005 Exeter Smaller Companies Income Fund Limited and ESCIF Securities Limited Please be advised that the unaudited net asset value per share of Exeter SmallerCompanies Income Fund Limited as at 31st May 2005 was 0.00p The unaudited net asset value per share of ESCIF Securities Limited as at 31stMay 2005 was 102.71p. This net asset value includes £2,420,957 of prior yearsretained revenues and £ 170,586.24 of undistributed current period revenue ofExeter Smaller Companies Income Fund Limited. The above net asset values were calculated using mid prices for all investments. Top Ten Holdings (% of Fund) Martin Currie Enhanced, Ord 11.06 Acorn Income, Ord 9.79 Invesco Recovery 2005, Ord 5.70 Rutland Trust, Ord3.59 New Star Asset Management 3.59 Real Estate Opps 7.5 2011 3.02 Gartmore Smaller Companies 2.60 Framlington Innovative Growth, Ord 2.47 Kleinwort Capital Trust, Ord 2.37 Aberdeen Development Cap, Ord 2.20 In accordance with UKLA Listing Rule 21.20 (1) (i), the following listrepresents the Company's investments, as at 31st May 2005 the in other UK listedinvestment companies (including investment trusts) which themselves do not havea stated investment policy to invest no more than 15% of their gross assets inother UK listed companies (including investment trusts) : BFS Equity Inc & Bond, Inc 0.01 Close Fund Services Limited As secretary This information is provided by RNS The company news service from the London Stock Exchange