Holding in Company

3i Smaller Quoted Co's Trust PLC
10 August 2001


Letter to 3i Smaller Quoted Companies Trust Plc
Letter dated 9 August 2001

DISCLOSURE OF INTEREST IN SHARES - COMPANIES ACT 1985, PART VI

We hereby give intimation that, following a purchase of shares in the Company,
the notifiable interest held within the AEGON UK Plc Group of Companies is
varied from over 3% to 5.65%.

No of Ordinary Shares purchased:        1,100,000

Resultant Total                         3,250,000

Held as follows:                        3,250,000  Chase Nominees Limited


For the purposes of the foregoing notification:-

(a) 'The AEGON UK Plc Group of Companies' means Scottish Equitable Plc, Scottish

    Equitable (Managed Funds) Limited, AEGON Fund Management UK Ltd, AEGON      
    Investment Management UK Ltd, AEGON Asset Management UK Plc, Scottish       
    Equitable Trustees Limited, Guardian Assurance Plc, Guardian Linked Life    
    Assurance Limited, Guardian Pensions Management Limited and Guardian Unit 
    Managers Limited all having a place of business at Edinburgh Park, Edinburgh
    EH12 9SE.

(b) 'the Act' shall mean the Companies Act 1985 and expressions used in this    
    notification shall, unless the context otherwise requires, have the same
    meanings as are set out in or adopted for the purposes of the Act;

(c) 'the Company' shall mean the company to whom this notification is addressed.


Letter from Aegon Asset Management UK Plc