RNS Number:5236P
Britannic Smaller Companies Tst PLC
08 September 2003

                     BRITANNIC SMALLER COMPANIES TRUST PLC

                CONTACT: MARIE ROSS (TEL NO: 0141 - 222 - 8288)

                                8 SEPTEMBER 2003

Announcement begins

Britannic Smaller Companies Trust PLC announces that it has today received
notification that the total interest held by Schroder Investment Management
Limited on a discretionary basis for clients is 5,339,866 which represents
14.101% of the issued share capital.

This figure includes:

i)    2,668,987 registered in the name of Mineworkers' Pension Scheme
      Nominees Limited A/C R

ii)   2,520,879 registered in the name of British Coal Staff
      Superannuation Scheme Nominees Limited A/C P

iii)  150,000 held in unit trust(s) operated and managed by an affiliated
      company, Schroders Unit Trusts Limited (SUTL) and registered or to be 
      registered in the name of Chase Nominees Limited.

Announcement ends


                      This information is provided by RNS
            The company news service from the London Stock Exchange

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