Holding(s) in Company

3i Smaller Quoted Co's Trust PLC
12 August 2004

                                  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

AXA S.A. and its Group 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

Name of the Company / Fund       Number of     Particulars of Beneficial Owners     Registered as
                                 shares
Sun Life Pensions Management Ltd       830,855 Sun Life Pensions Management Ltd     HSBC Global Custody Nominee (UK)
A/c X                                                                               Limited
                                                                                    Mariner House
                                                                                    Pepys Street
                                                                                    London EC3N 4DA
                                                                                    a/c 867396
Sun Life Unit Assurance Ltd A/c      1,693,989 Sun Life Unit Assurance Ltd          HSBC Global Custody Nominee (UK)
X                                                                                   Limited
                                                                                    Mariner House
                                                                                    Pepys Street
                                                                                    London EC3N 4DA
                                                                                    a/c 867050
Sun Life Pensions Management Ltd         7,500 Sun Life Pensions Management Ltd     Smith & Williamson Nominees Ltd 1
                                                                                    Riding House School
                                                                                    London W1A 3AS
                                                                                    a/c S66
Sun Life Pensions Management Ltd         1,243 Sun Life Pensions Management Ltd     BNY (OCS) Nominees Limited, One
                                                                                    Canada Square
                                                                                    London E14 5AL

                           Total     2,533,587

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

12 August 2004

12. Total holding following this notification

2,533,587

13. Total percentage holding of issued class following this notification

4.95%

14. Any additional information

The notification was made by AXA Investment Managers UK Ltd on behalf of AXA 
S.A. of 25 Avenue Matignon, 75008 Paris and its Group companies.

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

12 August 2004


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