RNS Number:3302O
Exeter Smaller Co's Income Fund Ld
05 August 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 31st July, 2003 was 0.00p



The unaudited net asset value per share of ESCIF Securities Limited as at 31st
July, 2003 was 60.59p.  This net asset value includes #1,786,853 of prior years
retained revenues and #330,207.42 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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