Holding(s) in Company

North Atlantic Smlr Co Inv Tst PLC
23 February 2007



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 the notification (please tick the appropriate box or boxes): n/a see additional information

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                                            

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).                              n/a

5. Date of the transaction and date on which the threshold is                      n/a
crossed or reached:

6. Date on which issuer notified:                                             22/02/07

7. Threshold(s) that is/are crossed or reached:                              Above 3% (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       Direct       Indirect     Direct       Indirect


GBP Ord 0.05     368,349         3.00% 439,421      439,421                   3.18%
           (Under S-198 on 25/02/04)


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


     439,421                                               3.18%


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) (439,421 - 3.18% = LGAS, LGPL & PMC)

Legal & General Investment Management (Holdings) Limited       Legal & General Insurance Holdings Limited (Direct)
(Direct) (LGIMHD)                                              (LGIH)

Legal & General Assurance (Pensions Management) Limited  (PMC) Legal & General Assurance Society Limited  (LGAS & LGPL)

                                                               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 13,780,945

                                                         First notification under DTR Sourcebook

14. Contact name:                                                      Helen Lewis

15. Contact telephone number:                                         020 7528 6742



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