Holding(s) in Company

TR-1(i): NOTIFICATION OF MAJOR INTERESTS IN SHARES

(1). Identity of the issuer or the underlying issuer of existing shares to
which voting rights are attached (ii):

BlackRock Smaller Companies Trust plc

(2). Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights: ( x )

An acquisition or disposal of qualifying financial instruments which may result
in the acquisition of shares already issued to which voting rights are
attached: ( )

An acquisition or disposal of financial instruments with similar economic
effect to qualifying financial instruments: ( )

An event changing the breakdown of voting rights: ( )

Other (please specify) : ( )

(3). Full name of person(s) subject to the notification obligation:

Lloyds Banking Group plc

(4). Full name of shareholder(s) (if different from 3.):

See Section 9

(5). Date of the transaction and date on which the threshold is crossed or
reached:

16 July 2009

(6). Date on which issuer notified:

17 July 2009

(7). Threshold(s) that is/are crossed or reached:

Direct/Indirect decrease to below 12%

(8). Notified details:

A: Voting rights attached to shares

Class/type of shares (if possible using the ISIN code): Ord 25p Shares/
GB0006436108

Situation previous to the triggering transaction:
Number of Shares: 5,796,725
Number of Voting rights: 5,796,725

Resulting situation after the triggering transaction:
Number of shares:
Direct: 80,107
Number of voting rights:
Direct: 80,107
Indirect: 5,689,683

% of voting rights:
Direct: 0.166%
Indirect: 11.805%

B. Qualifying Financial Instruments

Resulting situation after the triggering transaction:

Type of financial instrument:

Expiration date:

Exercise/Conversion Period/Date:

Number of voting rights that may be acquired if the instrument is exercised/
converted:

% of voting rights:

C. Financial Instruments with similar economic effect to Qualifying Financial
Instruments

Resulting situation after the triggering transaction

Type of financial instrument:

Exercise price:

Expiration date:

Exercise/Conversion period:

Number of voting rights instrument refers to:

% of voting rights

Nominal:

Delta:

Total (A + B+C):

Number of voting rights: 5,769,790

% of voting rights: 11.972%

(9). Chain of controlled undertakings through which the voting rights and/or
the financial instruments are effectively held, if applicable:

649,101 shares (1.347%) are held by State Street Nominees Ltd. Shares are under
the control of Scottish Widows Investment Partnership Ltd, a wholly owned
subsidiary of Scottish Widows Group Ltd, a wholly owned subsidiary of Lloyds
TSB Bank plc, a wholly owned subsidiary of Lloyds Banking Group plc (Indirect
Interests).

5,094,737 shares (10.571%) are under the control of Insight Investment
Management (Global) Limited, a wholly owned subsidiary of Insight Investment
Management Limited, a wholly owned subsidiary of HBOS plc, a wholly owned
subsidiary of Lloyds Banking Group plc (Indirect Interests).

Proxy Voting:

(10). Name of the proxy holder:

N/A

(11). Number of voting rights proxy holder will cease to hold:

N/A

(12). Date on which proxy holder will cease to hold voting rights:

N/A

(13). Additional information:

Notification using the Total Voting Rights figure of 48,194,792

(14). Contact name:

Caroline Driscoll
For BlackRock Investment Management (UK) Limited
Secretary

(15). Contact telephone number:

020 7743 2427


23 July 2009