Holding(s) in Company

F&C U.S. Smaller Companies PLC
09 March 2007

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES


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



F&C US Smaller Companies PLC



2. Reason for the notification:



Initial disclosure



3. Full name of person(s) subject to the notification obligation:



Rensburg Sheppards Investment Management Limited



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



N/A



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



28 February 2007



6. Date on which issuer notified:



9 March 2007



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



4%



8. Notified details:



Nominee holdings



A: Voting rights attached to shares


Class/type of shares if possible              Situation previous to the Triggering transaction
using the ISIN CODE
                                  Number of shares                   Number of voting Rights


GB0003463402



Resulting situation after the triggering transaction


Class/type of shares Number of shares   Number of voting rights          % of voting rights
if possible using
the ISIN CODE
                     Direct             Direct         Indirect          Direct     Indirect


GB0003463402                                           946,544                      4.22%



B: Financial Instruments

Resulting situation after the triggering transaction


Type of         Expiration Date      Exercise/Conversion       Number of voting rights     % of voting rights
financial                            Period/ Date              that may be acquired if the
instrument                                                     instrument is exercised/
                                                               converted.







Total (A+B)
Number of voting rights        % of voting rights


946,544                        4.22%



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



Client holdings registered in the name of Nominee companies 100% owned by
Rensburg Sheppards Investment Management Limited



Proxy Voting:



10. Name of the 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:



N/A



14. Contact name:



N/A



15. Contact telephone number:



N/A




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