RNS Number:7953T
Osprey Smaller Cos Income Fund Ltd
02 January 2004

Collins Stewart Limited has notified the Company that Collins Stewart Limited
and Collins Stewart (CI) Limited hold and control 545,515 ordinary shares in
Osprey Smaller Companies Income Fund Limited on behalf of discretionary clients
of the two firms. This holding equates to 3.89% of the issued share capital of
that class.

Date Company informed: 31 December 2003




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