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ESCIF Securities Ld (ECFZ)

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Monday 25 September, 2000

ESCIF Securities Ld

Document regarding Listing Particulars

ESCIF Securities Ld
25 September 2000

Doc Re Placing by Collins Stewart Limited of up to 58.3 million Ordinary
Shares of 10p each in Exeter Smaller Companies Income Fund Limited at 100p per
share and up to 8.798 million Zero Dividend Preference Shares of 10p each in
ESCIF Securities Limited at 100p per share payable in full on application.

A copy of the above document has been submitted to the UK Listing Authority,
and will shortly be available for inspection at the UK Listing Authority's
Document Viewing Facility, which is situated at:

Financial Services Authority
25 The North Colonnade
Canary Wharf
E14 5HS

Tel. no. (0)20 7676 1000

(Documents will usually be available for inspection within six normal business
hours of this notice being given).


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