Holding(s) in Company

Acorn Income Fund Ld
20 May 2004



Following a sale of 200,000 shares on 20 May 2004, the Company has been informed
that Exeter Investment Group plc is interested in 2,655,000 shares representing
8.97% of the issued share capital of the Company.



The shares are held



Dartmoor Investment Trust                         1,460,000
Exeter Smaller Companies Income Fund                925,000
Exeter Selective Assets                             270,000


Date Company informed: 20 May 2004




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