Holding(s) in Company

RNS Number : 0038Y

Schroder UK Mid & Small Cap Fd PLC

25 August 2009

For filings with the FSA include the annex

For filings with issuer exclude the annex

TR-1: Notifications of Major Interests in Shares

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:

Schroder UK Mid & Small Cap Fund Plc

2. Reason for the notification

(please place an X inside the appropriate bracket/s):

An acquisition or disposal of voting rights: (X)

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 notification obligation:

Lloyds Banking Group plc

4. Full name of shareholder(s) (if different from 3) :

See section 9

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

21 August 2009

6. Date on which issuer notified:

24 August 2009

7. Threshold(s) that is/are crossed or reached:

Direct/indirect decrease to below 9%

8. Notified Details:

A: Voting rights attached to shares

Class/type of shares if possible use ISIN CODE	Situation previous to the triggering transaction
	Number of shares	Number of voting rights
GB0006108418	3,448,971	3,448,971

Resulting situation after the triggering transaction

Number of shares	Number of voting rights		% of voting rights
Direct	Direct	Indirect	Direct	Indirect
42	42	3,142,617	0%	8.695%

B: Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument	Expiration date	Exercise/conversion period/date	No. of voting rights that may be acquired (if the instrument exercised/ converted)	% of voting rights
N/A

Total (A+B)

Number of voting rights	% of voting rights
3,142,659	8.695%

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

3,007,380 shares (8.321%) 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, a wholly owned subsidiary of HBOS plc, a wholly owned subsidiary of Lloyds Banking Group plc (indirect interests).

Proxy Voting:

10. Name of 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 36,143,690

14. Contact name:

Louise Richard

15. Contact telephone number: