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Exeter Smaller Co's (ESC)

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Tuesday 16 October, 2001

Exeter Smaller Co's

Holding in Company

Exeter Smaller Co's Income Fund Ld
16 October 2001

Schedule 10 - Notification of Major Interests in Shares

1   Name of company:
Exeter Smaller Companies Income Fund Limited

2   Name of shareholder having a major interest:
LeggMason Income & Growth Trust Plc

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:
As Above

4   Name of registered holder(s) and, if more than one holder, the number of
shares held by each of them:
HSBC Global Custody Nominee (UK) Limited

5   Number of shares/amount of stock acquired:

6   Percentage of issued class:

7   Number of shares/amount of stock disposed:

8   Percentage of issued class:

9   Class of security:
Ordinary shares of 10p

10  Date of transaction:

11  Date company informed:

12  Total holding following this notification:

13  Total percentage holding of issued class following this notification:

14  Contact name for queries:
Graham Taylor

15 Contact telephone number:
01481 710607

16  Name of company official responsible for making notification:
Graham Taylor

17  Date of notification:

Additional Information: