RNS Number:0623S
Exeter Asset Management Ltd
5 October 2000

LETTER TO: COMPANY ANNOUNCEMENTS OFFICE

NOTIFICATION OF DISPOSAL - DISCLOSURE UNDER RULE 5 OF "SARs"

STOCK:  FRAMLINGTON INCOME & CAPITAL TRUST PLC

Please accept this notification that Exeter Asset Management Limited on behalf
of clients disposed on 4 October 2000 of 495,000 Framlington Income & Capital,
income shares.

Exeter Asset Management now holds 13,753,483 voting shares representing in
aggregate 21.50% of the voting capital of the company.

Breakdown:

Income shares     12,038,483
Capital shares     1,715,000

From:  Kate Gregory (Exeter Asset Management Limited)



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