Holding(s) in Company

North Atlantic Smlr Co Inv Tst PLC
15 February 2008


TR-1:               notification of major interests in shares


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

2. Reason for notification (yes/no)

An acquisition or disposal of voting rights                                             Yes

An acquisition or disposal of financial instruments which may result in the acquisition
of shares already issued to which voting rights are attached

An event changing the breakdown of voting rights

Other (please specify):______________

3. Full name of person(s) subject to the notification               Legal & General Group Plc (L&G)
obligation:

4. Full name of shareholder(s) (if different from 3.):            Legal & General Assurance (Pensions
                                                                       Management) Limited (PMC)

5. Date of the transaction (and date on which the threshold is                 13/02/08
crossed or reached if different):

6. Date on which issuer notified:                                              14/02/08

7. Threshold(s) that is/are crossed or reached:                            From 3% - 4%(L&G)


8. Notified details:


A: Voting rights attached to shares
Class/type of  Situation previous to   Resulting situation after the triggering transaction
shares         the Triggering
               transaction
 if possible   Number of   Number of   Number of    Number of voting rights   % of voting rights
using the ISIN Shares      Voting      shares
CODE                       Rights                   Direct       Indirect     Direct       Indirect
Ord 5p         439,421     439,421     626,036      626,036                   4.23


B: Financial Instruments
Resulting situation after the triggering transaction
Type of financial    Expiration date Exercise/ Conversion      Number of voting rights    % of voting
instrument                           Period/ Date              that may be acquired if    rights
                                                               the instrument is
                                                               exercised/ converted.



Total (A+B)
Number of voting rights                            % of voting rights
                     626,036                                                4.23



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

Legal & General Group Plc (Direct and Indirect) (Group)
Legal & General Investment Management (Holdings) Limited (LGIMH) (Direct
and Indirect)
Legal & General Investment Management Limited (Indirect) (LGIM)
                     Legal & General Group Plc (Direct) (L&G) (626,036 - 4.23% = LGAS, LGPL & PMC)
Legal & General Investment Management (Holdings) Limited       Legal & General Insurance Holdings Limited (Direct)
(Direct) (LGIMHD) (561,667-3.80% = PMC)                        (LGIH)
Legal & General Assurance (Pensions Management) Limited  (PMC) Legal & General Assurance Society Limited  (LGAS & LGPL)
(561,667-3.80% = PMC)
                                                               Legal & General Pensions Limited (Direct)  (LGPL)


Proxy Voting:


10. Name of the proxy holder:                                                       N/A

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

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

13. Additional information:          Notification using the total voting rights figure of 14,775,208

14. Contact name:                                                   Helen Lewis (LGIM)

15. Contact telephone number:                                         020 3124 3851



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