Net Asset Value(s)

5 Jul 2005 13:06

Exeter Smaller Co's Income Fund Ld05 July 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 1st July 2005 was 0.00p The unaudited net asset value per share of ESCIF Securities Limited as at 1stJuly 2005 was 107.24p. This net asset value includes £2,420,957 of prior yearsretained revenues and £ 295,316.95 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 11.00 Acorn Income Fund, Ord 10.00 Rutland Trust, Ord3.70 New Star Asset Management 3.50 Real Estate Opps 7.5 2011 3.00 Invesco Recovery 2005, Ord 2.80 Aberdeen Development Cap, Ord 2.10 ECOFIN Water&Power Opps, Inc 2.10 New Star Financial Opportunities Fund 1.90 Framlington Income & Capital Inc 1.80 In accordance with UKLA Listing Rule 21.20 (1) (i), the following listrepresents the Company's investments, as at 1st July 2005 the 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) : 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