RNS Number:4217F
Jersey Phoenix Trust Ld
18 June 2001


Letter to Company Announcements Office

Notification of Major Interest in Ordinary 10p Shares

We write to inform you that we were notified today by Exeter Asset Management
Limited ("EAM'") of the following transaction on behalf of a company under their
management:

   15 June 2001 - Sale of 500,000 shares for Dartmoor Investment Trust Plc.

The aggregate number of Ordinary Shares of this company held under the
management of EAM now amounts to 700,000 shares, allocated as follows:

                                                  % of issued 
                                      Holding     share capital

Dartmoor Investment Trust Plc         500,000          1.51%
Exeter Smaller Companies Income       200,000          0.60%
                                      -------          -----
                                      700,000          2.11%
                                      =======          =====

Letter from Jersey Phoenix Trust Limited
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