Holding in Company

City of Oxford Geared Inc Tst PLC
7 August 2001

1) Name of company
   The City of Oxford Geared Income Trust PLC

2) Name of shareholder having a major interest

   Exeter Asset Management Limited

3) Please state whether notification indicates that it is in respect of
holding of the shareholder named in 2 above or in respect of a
non-beneficial interest or in the case of an individual holder if it is a
holding of that person's spouse or children under the age of 18

4) Name of the registered holder(s) and, if more than one holder, the
number of shares held by each of them
                See below


5) Number of shares/amount of stock acquired

6) Percentage of issued class

7) Number of shares/amount of stock disposed
                1,000,000

8) Percentage of issued class
                3.57

9) Class of security
                Income 5p shares

10) Date of transaction
                6 August 2001


11) Date company informed
                7 August 2001


12) Total holding following this notification
                12,450,000 Income 5p shares


13) Total percentage holding of issued class following this notification
                25.27

14) Any additional information
                Heather J Williams


15) Name of contact and telephone number for queries
                020 7597 1843


16) Name and signature of authorised company official responsible for
making this notification

                Heather J Williams

17) Date of notification:

                7 August 2001



Additional Information

Fund Name                                  Current Holding          Current %

                                           Income 5p shares

Dartmoor Investment Trust                        6,050,000            12.28

Exeter Enhanced Income Fund Limited              3,500,000            7.10

Exeter High Income Unit Trust                    2,900,000            5.89

                                                 12,450,000          25.27%