EXETER SELECTIVE ASSETS INVESTMENT TRUST PLC                  

                  RESULTS OF AGM AND RESIGNATION OF DIRECTORS                  

The Company is pleased to confirm that at the Annual General Meeting held
today, all resolutions were passed by shareholders.

As disclosed in the Company's Annual Report, Sir Stephen Waley-Cohen Bt and Sir
Richard Brooke Bt resigned as Directors of the Company following the Annual
General Meeting.

24 September 2003



END