RNS Number:1700L
Jersey Phoenix Trust Ld
4 October 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:

   3 October 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 2,700,000 shares, allocated as follows:
 
                                         Holding       % of issued share capital

Dartmoor Investment Trust Plc          2,500,000           7.51%
Exeter Smaller Companies Income          200,000           0.60%
                                       ---------           ----
                                       2,700,000           8.11%
                                       =========           ====

LETTER FROM EFG Reads Secretaries Limited



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