Holding(s) in Company

RNS Number : 0023M

North Atlantic Smlr Co Inv Tst PLC

21 January 2009

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
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): Disclosure of holdings following the acquisition, by Lloyds Banking Group plc, of HBOS plc - this notification supersedes any notifications previously issued by HBOS plc.		Yes
3. Full name of person(s) subject to the notification obligation:	Lloyds Banking Group 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):	16 January 2009
6. Date on which issuer notified:	20 January 2009
7. Threshold(s) that is/are crossed or reached:	Direct/Indirect 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	Number of shares	Number of voting rights		% of voting rights
			Direct	Direct	Indirect	Direct	Indirect
Ord 5p Shares ISIN GB0006439003	N/A	N/A	7	7	1,426,901	N/A	9.644%

B: Financial Instruments
Resulting situation after the triggering transaction
Type of financial instrument	Expiration date	Exercise/ Conversion Period/ Date	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

1,426,908

9.644%

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

1,422,023 shares (9.611%) are under the control of Insight Investment Management (Global) Limited, a wholly owned subsidiary of Insight Investment Management Limited, a wholly owned subsidiary of HBOS Insurance & Investment Group Limited, a wholly owned subsidiary of HBOS plc, a wholly owned subsidiary of Lloyds Banking Group plc (Indirect Interests).

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