Holding(s) in Company

3i Smaller Quoted Co's Trust PLC
27 January 2004


3i Smaller Quoted Companies Trust plc

3i Smaller Quoted Companies Trust plc ("the Company") was notified on 26 January
2004 by the AEGON UK plc Group of Companies that following the disposal of
515,971 shares in the Company, which were registered in the name of Chase
Nominees Ltd, they no longer have a notifiable interest, as defined by the
Companies Act 1985, in the issued share capital of the Company.

The AEGON UK plc Group of Companies is defined as 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.


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