Holding(s) in Company

RNS Number : 9200X

North Atlantic Smlr Co Inv Tst PLC

30 June 2008

TR-1: notification of major interests in shares

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:	North Atlantic Smaller Companies Investment Trust plc
2. Reason for the notification (please tick the appropriate box or boxes)
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 obligation:	HBOS plc
4. Full name of shareholder(s) (if different from 3.):	See Section 9.
5. Date of the transaction (and date on which the threshold is crossed or reached if different):	27 June 2008
6. Date on which issuer notified:	30 June 2008
7. Threshold(s) that is/are crossed or reached:	Indirect increased to above 9%
8. Notified details:

A: Voting rights attached to shares
Class/type of shares if possible using the ISIN CODE	Situation previous to the Triggering transaction		Resulting situation after the triggering transaction
	Number of Shares	Number of Voting Rights viii	Number of shares	Number of voting rights ix		% of voting rights
			Direct	Direct x	Indirect xi	Direct	Indirect
Ord 5p Shares ISIN GB0006439003	1,239,041	1,239,041	3	3	1,339,033	0%	9.063%

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

Total (A+B)

Number of voting rights

% of voting rights

1,339,036

9.063%

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

Insight Investment Management (Global) Limited* ('IIMGL') - (Indirect) - 1,336,253 (9.044%)

(* - wholly owned subsidiaries of HBOS plc.)

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