Holding(s) in Company

3i Smaller Quoted Co's Trust PLC
19 July 2002

                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES

1. Name of company

3i Smaller Quoted Companies Trust plc

2. Name of shareholder having a major interest

Prudential plc and certain of its subsidiary companies

3. Please state whether notification indicates that it is in respect of holding
of the shareholder named in 2 above or in respect of a non-beneficial interest
or in the case of an individual holder if it is a holding of that person's
spouse or children under the age of 18

In respect of 2 above

4. Name of the registered holder(s) and, if more than one holder, the number of
shares held by each of them

Registered Holder
PRUCLT HSBC GIS NOM(UK) PAC AC                                      1,350,492
PRUCLT HSBC GIS NOM(UK) PHL AC                                        896,821
PRUCLT HSBC GIS NOM(UK) PPL AC                                         62,000
Total                                                               2,309,313

5. Number of shares / amount of stock acquired

not known

6. Percentage of issued class

not known

7. Number of shares / amount of stock disposed

not known

8. Percentage of issued class

not known

9. Class of security

Ordinary shares of 25p each

10. Date of transaction

not known

11. Date company informed

18 July 2002

12. Total holding following this notification

2,309,313

13. Total percentage holding of issued class following this notification

4.01%

14. Any additional information

Notification made by M&G Investment Management Limited. For the purposes of s210
of the Companies Act 1985 (as amended) the address for the registered holders
notified above is Laurence Pountney Hill, London EC4R 0HH.

15. Name of contact and telephone number for queries

Pandora Sharp - 020 7975 3228

16. Name and signature of authorised company official responsible for making
this notification

For and on behalf of 3i plc, Secretaries to 3i Smaller Quoted Companies Trust plc

Date of notification

19 July 2002




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