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Exeter Financials Fd (HFO)

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Thursday 30 August, 2001

Exeter Financials Fd

Holding in Company

Exeter Financials Fund Limited
30 August 2001


Following a recent placing the company has been informed of the following.

Re Ordinary 25p Shares

The company has been informed by LeggMason investors International Utilities
Trust plc that they are interested in 3,550,000 Ordinary 25p shares which
represents 5.77% of the issued shares of that class.


Date Company informed: 30 August 2001