Annual Information Update

MERRILL LYNCH BRITISH SMALLER COMPANIES TRUST PLC

 
ANNUAL INFORMATION UPDATE


Annual Information Update for the period 1 May 2006 up to and including 30 May
2007.

 
Pursuant to the requirements of Prospectus Rule 5.2 the following summarises
the information that has been published or made available to the public by the
Company. Please note that some of this information may be out of date.

 
1. Announcements via a Regulatory Information Service (RIS):

    (RIS Announcements can be viewed at or downloaded via the internet
    from http://dev.uk-wire.com using EPIC code MBS.)                 

 
1.1 Net Asset Values:
 

    As far as possible the Company has announced daily the net asset  
    value per share as at the close of the previous business day.     


1.2 Top 10 Holdings:
 

    2 June 2006                                                       
                                                                      
    4 September 2006                                                  
                                                                      
    4 December 2006                                                   
                                                                      
    2 March 2007                                                      

 
1.4 Performance at month end:
 

    18 May 2006                                                       
                                                                      
    13 June 2006                                                      
                                                                      
    14 July 2006                                                      
                                                                      
    18 August 2006                                                    
                                                                      
    15 September 2006                                                 
                                                                      
    13 October 2006                                                   
                                                                      
    17 November 2006                                                  
                                                                      
    14 December 2006                                                  
                                                                      
    15 January 2007                                                   
                                                                      
    16 February 2007                                                  
                                                                      
    13 March 2007                                                     
                                                                      
    18 April 2007                                                     
                                                                      
    15 May 2007                                                       


 5. Holdings in Company
   

    11 July 2006                                                      
                                                                      
    7 November 2006 x 2                                               
                                                                      
    9 November 2006                                                   
                                                                      
    22 November 2006                                                  
                                                                      
    23 November 2006 x 2                                              
                                                                      
    24 November 2006 (Revision)                                     
                                                                      
    7 December 2006                                                   
                                                                      
    26 January 2007                                                   
                                                                      
    24 January 2007                                                   
                                                                      
    23 February 2007                                                  
                                                                      
    14 March 2007                                                     
                                                                      
    23 March 2007                                                     
                                                                      
    2 April 2007                                                      
                                                                      
    25 April 2007                                                     
                                                                      
    2 May 2007                                                        


1.6 Portfolio Updates/21.20 Announcements:
 

    3 May 2006                                                        
                                                                      
    4 July 2006                                                       
                                                                      
    2 August 2006                                                     
                                                                      
    3 October 2006                                                    
                                                                      
    2 November 2006                                                   
                                                                      
    3 January 2007                                                    
                                                                      
    2 February 2007                                                   
                                                                      
    3 April 2007                                                      
                                                                      
    2 May 2007                                                        

 
1.7 Transactions in Own Shares:
 

    4 October 2006                                                    
                                                                      
    22 November 2006                                                  
                                                                      
    4 December 2006                                                   

 
1.8 Other Announcements:


    2 May 2006           Final Results                                    
                                                                          
    5 May 2006           Submission of Docs - Annual Report               
                                                                          
    24 May 2006          Annual Information Update                        
                                                                          
    5 June 2006          AGM Statement                                    
                                                                          
    2 October 2006       Change in Company Secretary                      
                                                                          
    10 October 2006      Interim Results                                  
                                                                          
    10 October 2006      Director/PDMR Shareholding                       
                                                                          
    17 October 2006      Submission of Docs - Interim Report              
                                                                          
    25 April 2007        Final Results                                    
                                                                          
    4 May 2007           Submission of Docs - Annual Report               


2. Documents Filed with the Registrar of Companies:
 

    Date               Form          Description                            
                                                                            
    19 May 2006        AA            Full accounts made up to 28 February   
                                     2006                                   
                                                                            
    6 June 2006        RES01         Authority to buy back shares/          
                                     disapplication of pre-emption rights/  
                                     authority to allot security and        
                                     alteration to articles                 
                                                                            
    4 August 2006      363A          Annual return to 8 July 2006           
                                                                            
    9 October 2006     288a          Secretary appointed                    
                                                                            
    9 October 2006     288b          Secretary resigned                     
                                                                            
    9 October 2006     288c          Secretary's particulars changed        
                                                                            
    30 October 2006    169           Share buyback                       
                                                                            
    18 December 2006   169           Share buyback                       
                                                                            
    12 January 2007    169           Share buyback                        
                                                                            
    29 May 2007        AA            Full accounts made up to 28 February   
                                     2007                                   


3. Printed Publications:
 

    The Annual Report and Accounts for the year ended 28 February 2007
    and the Interim Report for the six months ended 31 August 2006 are
    available from the Company's registered office, c/o of The Company  
    Secretary, Merrill Lynch British Smaller Companies Trust plc, 33  
    King William Street, London EC4R 9AS or can be downloaded from    
    www.blackrock.co.uk/its.                                          
                                                                      

Other sources of information:

The Company's Ordinary shares are listed on the London Stock Exchange and the
price of these shares is published in the Financial Times and the Times under
`Investment Companies' and in the Daily Telegraph under "Investment Trusts".
The share price is also available on the BlackRock Investment Management (UK)
Limited website at www.blackrock.co.uk/its.

 
Further information can be obtained from BlackRock Investment Management (UK)
Limited as follows:

    Free investor helpline: 0800 445522                               
                                                                      
    Email address: www.blackrock.co.uk/its.                           
                                                                      
In addition, regular Factsheets on the Company are produced by BlackRock
Investment Management (UK) Limited and can be downloaded from 
www.blackrock.co.uk/its.

BlackRock Investment Management (UK) Limited
Secretary
31 May 2007