Holding(s) in Company

TR-1(i): NOTIFICATION OF MAJOR INTERESTS IN SHARES

CORRECTION OF FORM ISSUED ON 13 JULY 2007.

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

            Merrill Lynch British Smaller Companies Trust plc

(2). Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights: (X)

An acquisition or disposal of financial instruments which may result in the
acquisition of shares already issued to which voting rights are attached: ( )

An event changing the breakdown of voting rights: ( )

Other (please specify) :  ( X )

NB reduction in ISC following share buyback also contributed to increase in
holding %.

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

            BlackRock, Inc.

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

           

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

            12 July 2007

(6). Date on which issuer notified:

            18 July 2007(originally notified on 13 July 2007)

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

            Gone above 14%

(8). Notified details:


A: Voting rights attached to shares

Class/type of shares (if possible using the ISIN code):  Ord 25p/GB0006436108

Situation previous to the triggering transaction(vi):
     Number of Shares:  6,065,141
     Number of Voting rights(viii):  6,065,141

Resulting situation after the triggering transaction(vii):
     Number of shares:
          DIRECT:  N/A
     Number of voting rights (ix):
          Direct (x):  N/A
          Indirect (xi):  7,058,755

% of voting rights:
     Direct:  N/A
     Indirect:  14.26%

B. Financial Instruments

Resulting situation after the triggering transaction (xii):

Type of financial instrument: 

Expiration date (xiii): 

Exercise/Conversion Period/Date (xiv): 

Number of voting rights that may be acquired if the instrument is exercised/
converted:

% of voting rights:

Total (A + B):

Number of voting rights:  7,058,755

% of voting rights:  14.26%


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

            BlackRock Investment Management (UK) Limited - 7,058,755 (14.26%)

Proxy Voting:

(10). Name of the proxy holder:

           

(11). Number of voting rights proxy holder will cease to hold:

           

(12). Date on which proxy holder will cease to hold voting rights:

           


(13). Additional information:

           

(14). Contact name:

            Ms C Driscoll
            For BlackRock Investment Management (UK) Limited
            Secretary

(15). Contact telephone number:

            020 7743 2427


18 July 2007