RNS Number:1679J
BFS Asian Assets Trust Ld
25 March 2003


BFS ASIAN ASSETS TRUST LIMITED ("the Company")

NOTIFICATION OF MAJOR INTERESTS IN SHARES



The Company was informed on 18 March 2003 by Exeter Asset Management Limited
("Exeter") that on 17 March 2003 Exeter sold 2,220,000 Income shares of 0.1
pence each in the Company on behalf of funds under management as follows:

Fund                                                     Shares sold          Resultant     % of issued share
                                                                                holding      class

Dartmoor Investment Trust plc                                        0        3,000,000        3.53%

Exeter Smaller Companies Income Fund                         2,220,000                0        0.00%

Exeter Enhanced Income Fund                                          0        2,600,000        3.06%



The total number of the Company's Income shares now managed by Exeter is
5,600,000 shares, representing 6.59% of the issued share capital of that class.



Channel Islands Fund Services Limited

Company Secretary


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