SCHEDULE 10 NOTIFICATION OF MAJOR INTERESTS IN SHARES 1) Name of company Gartmore Balanced Assets Trust PLC 2) Name of shareholder having a major interest Aberdeen Asset Management 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 Convertible Income Trust Plc 500,000 1.09% St Davids Investment Trust Plc 6,500,000 14.17% Edinburgh Pacific & Income Trust Plc 682,067 1.49% Edinburgh High Income Trust 1,700,000 3.70% --------- ----- 9,382,067 20.45% --------- ----- 4) Name of the registered holder(s) and, if more than one holder, the number of shares held by each of them. 5) Number of shares/amount of stock acquired 6) Percentage of issued class 7) Number of shares/amount of stock disposed 600,000 8) Percentage of issued class 1.3% 9) Class of security Ordinary 1p shares 10) Date of transaction 5 July 2004 11) Date company informed 14th July 2004 12) Total holding following this notification 9,382,067 13) Total percentage holding of issued class following this notification 20.45% 14) Any additional information 15) Name of contact and telephone number for queries Gurmit Harar 0207 782 2411 16) Name and signature of authorised company official responsible for making this notification Gartmore Investment Limited Date of notification 15th July 2004