Result of EGM

ISIS Smaller Companies Trust PLC
17 August 2005





To:                RNS

From:              ISIS Smaller Companies Trust plc

Date:              17 August 2005




ISIS Smaller Companies Trust plc announces that, at an extraordinary general
meeting held today, the following ordinary resolution, as contained within the
circular sent to shareholders on 29 July 2005, was approved by shareholders:



'THAT the waiver by the Panel on Takeovers and Mergers, pursuant to Rule 37.1 of
The City Code on Takeovers and Mergers, of any obligation which might otherwise
fall on F&C Asset Management plc and any of the persons deemed to be acting in
concert with it (the Connected Parties), collectively or individually, to make a
general offer pursuant to Rule 9 thereof as a result of the purchase by the
Company of Ordinary Shares of 50p each in the Company in the market pursuant to
the authority granted by special resolution duly passed at the annual general
meeting of the Company held on 21 June 2005 be and is hereby approved.'



A copy of the resolution has been forwarded to the FSA for publication through
the document viewing facility.





Gordon R Hay Smith
Company Secretary



Enquiries:        0131 465 1000




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