Holding(s) in Company

Scottish Mortgage Inv Tst PLC
10 March 2004


                     Scottish Mortgage Investment Trust PLC

                        Disclosure of Interest in Shares


Scottish Mortgage Investment Trust PLC has today been advised that Barclays PLC
no longer has a notifiable interest in the Company.

                                                           Baillie Gifford & Co.
                                                          Managers & Secretaries
                                                                   10 March 2004


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