Holding(s) in Company

3i Smaller Quoted Co's Trust PLC
16 August 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

AEGON UK plc Group of Companies (two notifications received on 15 August 2002; notification "A" dated 14
August 2002 and notification "B" dated 15 August 2002.)

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


Notification       As at             Registered Holder                      Number of Shares         Percentage

A.                 14.08.02          Chase Nominees Limited                        2,249,690              3.91%

B.                 15.08.02          Chase Nominees Limited                        1,299,690              2.26%

5. Number of shares / amount of stock acquired

not applicable

6. Percentage of issued class

not applicable

7. Number of shares / amount of stock disposed

A. 650,000

B. 950,000

8. Percentage of issued class

 A. 1.13%

 B. 1.65%


9. Class of security

Ordinary shares of 25p each

10. Date of transaction

not known for either transaction A. or B.

 11. Date company informed

A. & B. 15 August 2002

12. Total holding following this notification

1,299,690

13. Total percentage holding of issued class following this notification

2.26%

14. Any additional information

For both transaction A. & B. "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 EG12 9SE.

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

16 August 2002




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