Net Asset Value(s)

6 Jan 2005 14:32

Exeter Smaller Co's Income Fund Ld06 January 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 December, 2004 was 0.00p The unaudited net asset value per share of ESCIF Securities Limited as at 31stDecember, 2004 was 96.68p. This net asset value includes £2,420,957 of prioryears retained revenues and £73,124.76 of undistributed current period revenueof Exeter 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 11.50 Acorn Income, Ord 10.02 Hg Capital Trust, Ord7.52 North Atlantic Smaller Companies, Ord 7.22 Invesco Recovery 2005, Ord 5.35 Kleinwort Capital Trust, Ord 4.41 Asset Management Investment Company, Ord 4.12 Rutland Trust, Ord3.27 New Star Asset Management 2.75 Framlington Innovative Growth, Ord 2.59 In accordance with UKLA Listing Rule 21.20 (1) (i), the following listrepresents the Company's investments, as at the 31st December, 2004 in other UKlisted investment companies (including investment trusts) which themselves donot have a stated investment policy to invest no more than 15% of their grossassets in other UK listed companies (including investment trusts) : Britannic UK Income, Ord 0.04 BFS Equity Inc & Bond, Inc 0.03 Close Fund Services Limited As secretary This information is provided by RNS The company news service from the London Stock Exchange