RNS Number:3683N
Exeter Smaller Co's Income Fund Ld
09 July 2003



Exeter Smaller Companies Income Fund Limited and ESCIF Securities Limited



Please be advised that the unaudited net asset value per share of Exeter Smaller
Companies Income Fund Limited as at 4th July, 2003 was 0.00p



The unaudited net asset value per share of ESCIF Securities Limited as at 4th
July, 2003 was 53.03p.  This net asset value includes #1,786,853 of prior years
retained revenues and #356,193 of undistributed current period revenue of Exeter
Smaller Companies Income Fund Limited.



The above net asset values were calculated using mid prices for all investments.





Close Fund Services Limited

As secretary


                      This information is provided by RNS
            The company news service from the London Stock Exchange
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