Substantial Acquisitions of Shares Disclosure

City of Oxford Geared Inc Tst PLC 7 August 2000 LETTER TO: COMPANY ANNOUNCEMENTS OFFICE SAR 5 ANNOUNCEMENT THE CITY OF OXFORD GEARED INCOME TRUST PLC INCOME 5P SHARES Aberdeen Asset Managers Limited write to inform you that they sold 450,000 shares of the above company on the 4th August 2000, on behalf of discretionary funds under management. The total number of shares managed by Aberdeen Asset Managers Limited and its associated companies is 7,950,000 shares representing 16.14% of the issued share capital of that class (previously 17.05%). From: Claire Gilmour (Compliance Department, Aberdeen Asset Managers)