FRNI Framlington Inc

RNS Number:4646R
Framlington Income&Capital Tst PLC
25 September 2000


NOTIFICATION OF MAJOR INTERESTS IN SHARES

1.       Name of Company:           Framlington Income & Capital Trust PLC

2.       Name of shareholder
         having a major interest:   Funds Managed by Exeter Asset Management  
                                      Limited
       
3.       Name of the registered 
         holders(s) and, if more
         than one holder, the
         number of shares held
         by each of them:           Dartmoor Investment Trust (4,875,000)
                                    Exeter Preferred Capital Growth Fund      
                                      (1,150,000)
                                    Exeter Enhanced Income Fund (2,100,000)
                                    Exeter High Income Unit Trust (3,913,483)
                                    Exeter Smaller Companies Income (495,000)

4.       Number of shares acquired:  495,000

5.       Percentage of issued class  1.27%
         acquired:

6.       Number of shares disposed:  N/A

7.       Percentage of issued class
         disposed:                   N/A

8.       Class of security:          Income shares of 25p each

9.       Date of transaction:        21.09.00

10.      Date company informed:      25.09.00

11.      Total holding following
         this notification           12,533,483

12.      Total percentage holding
         of issued class following
         this notification:          32.03%

13.      Any additional information: Funds managed by Exeter Asset Management
                                     own 22.28% of voting shares (income and  
                                       capital shares) 

14.      Name of contact and
         telephone number for
         queries:                    Robert Hoskin
                                     020 7330 6634

15.      Name of authorised company
         official responsible for
         making this notification:   Robert Hoskin

         Date of notification:       25.09.00

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