Holding(s) in Company

JPMorgan Smaller Cos IT PLC
26 March 2008


Form TR-1 with annex. FSA Version 2.1 updated April 2007


TR-1: Notifications of Major Interests in Shares


1. Identity of the issuer or the underlying issuer of existing    JPMorgan Smaller Companies Investment
shares to which voting rights are attached:                       Trust plc
                                                                  

2. Reason for notification (yes/no)                                                          Yes

Other (please specify): change of issued share capital  JPMorgan Chase & Co

3. Full name of person(s) subject to notification
obligation:                                             JPMorgan Asset Management (UK) Limited

4. Full name of shareholder(s) (if different from 3):   30 November 2007

5. Date of transaction (and date on which the
threshold is crossed or reached if different):          25 March 2008

6. Date on which issuer notified:                       13%

7. Threshold(s) that is/are crossed or reached:
8: Notified Details
A: Voting rights attached to shares


Class/type of     Situation previous to the  Resulting situation after the triggering transaction
shares            triggering transaction
                  Number of    Number of     Number of     Number of voting rights Percentage of voting
If possible use   shares       voting rights shares                                rights
ISIN code

                                                           Direct      Indirect    Direct      Indirect
GB0007416000      2,740,835    2,740,835     2,710,335                 2,710,335               13.04%
B: Financial Instruments


Resulting situation after the triggering transaction


Type of financial   Expiration date      Exercise/ conversion  No. of voting rights that Percentage of voting
instrument                               period/date           may be acquired (if the   rights
                                                               instrument exercised/
                                                               converted)
N/A


Total (A+B)


Number of voting rights                            Percentage of voting rights
2,710,335                                          13.04%


9. Chain of controlled undertakings through which the voting rights and /or the financial instruments are
effectively held, if applicable:

Total disclosable holding for JPMorgan Chase & Co. : 2,710,335 (13.04%)

JPMorgan Asset Management (UK) Limited: 2,710,335 (13.04%)




Proxy Voting:


10. Name of proxy holder:                            N/A


11. Number of voting rights proxy holder will cease  N/A
to hold:


12. Date on which proxy holder will cease to hold    N/A
voting rights:


13. Additional information:                           Please note the group has other holdings which are
                                                      covered by exemptions.

14 Contact name:                                      Michael Kirwan


15. Contact telephone name:                           020 7325 4513





For notes on how to complete form TR-1 please see the FSA website.

Note: Annex should only be submitted to the FSA not the issuer


Annex: Notification of major interests in shares




A: Identity of the persons or legal entity subject to the notification obligation
Full name                                            JPMorgan Chase & Co

(including legal form of legal entities)


Contact address                                      270 Park Avenue, New York, NY10017

(registered office for legal entities)


Phone number & email                                 001 212 270 6000


Other useful information                             N/A

(at least legal representative for legal persons)




B: Identity of the notifier, if applicable
Full name                                            Michael Kirwan


Contact address                                      JPMorgan Chase, 13th Floor, 125 London Wall, London,
                                                     EC2Y 5AJ

Phone number & email                                 020 7325 4513

                                                     [e-mail]
Other useful information                             N/A



(e.g. functional relationship with the person or
legal entity subject to the notification obligation)


C: Additional information
N/A


                      This information is provided by RNS
            The company news service from the London Stock Exchange