RNS Number:1392Z
Exeter Smaller Co's Income Fund Ld
25 July 2002


                  Exeter Smaller Companies Income Fund Limited

The Company announces that it has today repaid £5,000,000 of its loan facility
to the Bank of Scotland at a total cost of approximately £5,330,000 including
swap breakage costs and accrued interest. The Company now has outstanding bank
debt of £25,000,000.



Enquiries

Nick Brind

Exeter Asset Management

07764 444276






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