Holding(s) in Company

F&C Smaller Companies PLC
22 July 2005

HOLDING IN COMPANY

1) Name of company

F&C Smaller Companies PLC

2) Name of shareholder having a major interest

Carrousel Capital Ltd

3) Please state whether notification indicates that it is in respect
of holding of the shareholder named in 2 above or in respect of a
non-beneficial interest or in the case of an individual holder if it
is a holding of that person's spouse or children under the age of 18

In respect of the following funds managed by Carrousel Capital Ltd:

The Carrousel Fund Ltd: 9,119,130 shares (10.8%)
The Carrousel Fund II Ltd: 2,251,100 (2.67%)

4) Name of the registered holder(s) and, if more than one holder, the
number of shares held by each of them

Not specified

5) Number of shares/amount of stock acquired

2,935,130

6) Percentage of issued class

3.48%

7) Number of shares/amount of stock disposed

N/A

8) Percentage of issued class

N/A

9) Class of security

Ordinary shares of 25p each

10) Date of transaction

21 July 2005

11) Date company informed

22 July 2005

12) Total holding following this notification

11,370,230

13) Total percentage holding of issued class following this notification

13.47%

14) Any additional information

n/a

15) Name of contact and telephone number for queries

D. Fallon
Tel: [phone]

16) Name and signature of authorised company official responsible for
making this notification

D. Fallon
For and on behalf of F&C Management Limited, Secretary

Date of notification

22 July 2005



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