Holding in Company

Cairngorm B.S. Inv Tst PLC
10 July 2001


Cairngorm Nos 1-10 Building Societies Investment Trusts plc



The Boards of Cairngorm Nos 1-10 Building Societies Investment Trusts plc (the
Companies) have been notified that on 6th July 2001 Exeter Equity Income Fund
bought 35,000 units of the ordinary shares of the Companies. Following this
transaction, portfolios under the management of Exeter Asset Management
Limited hold in aggregate 85,000 units of the ordinary shares of the
Companies, representing 6.09% of the Companies' issued ordinary share capital.