Transaction in Own Shares

F&C Global Smaller Companies PLC
23 October 2007


                        F&C GLOBAL SMALLER COMPANIES PLC

                           TRANSACTION IN OWN SHARES




1) Date of purchase:

23 October 2007

2) Number of Ordinary Shares purchased:

592,113

3) Highest and lowest price paid per share (excluding expenses):

418p

4) The issued share capital of the Company following this buy-back will be:

45,000,668 Ordinary Shares

5) Name and telephone number of contact for queries:

Debbie Fish
Tel: [phone]

6) Name of authorised Company official responsible for this notification:

Debbie Fish
For and on behalf of F&C Management Limited, Secretary

7) Date of notification

23 October 2007




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