RNS Number:6154I
Exeter Smaller Co's Income Fund Ld
12 March 2003

                  Exeter Smaller Companies Income Fund Limited


The Company announces that it has today repaid #500,000 of its loan facility to
the Bank of Scotland at a total cost of #561,985.13 including swap breakage
costs and accrued interest. The Company now has outstanding bank debt of
#4,000,000.





Enquiries



Nick Brind

Exeter Asset Management

01392 253225




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