RNS Number:5716J
Exeter Smaller Co's Income Fund Ld
02 April 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 #546,425.89 including swap breakage
costs and accrued interest. The Company now has outstanding bank debt of
#3,500,000.


Enquiries

Nick Brind
Exeter Asset Management
01392 253225




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