Holding(s) in Company

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

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

BlackRock Smaller Companies Trust plc

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

An acquisition or disposal of voting rights: ( )

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 )

Disclosure of holdings following the acquisition, by Lloyds Banking Group plc,
of HBOS plc. This notification supersedes any notifications
previously issued by Lloyds TSB Group plc and/or HBOS plc.


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

Lloyds Banking Group plc

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

See section 9.

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

16 January 2009

(6). Date on which issuer notified:

19 January 2009 (received on 22 January 2009).

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

Direct/indirect 11%

(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: n/a
Number of Voting rights(viii): n/a

Resulting situation after the triggering transaction(vii):
Number of shares:
DIRECT: 2,278
Number of voting rights (ix):
Direct (x): 2,278
Indirect (xi): 5,679,999

% of voting rights:
Direct: 0.005%
Indirect: 11.713%

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: 5,682,277

% of voting rights: 11.717%


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

679,098 Shares (1.400%) are held by State Street Nominees Ltd. Shares are under
the control of Scottish Widows Investment Partnership Ltd, a wholly owned
subsidiary of Scottish Widows Group Ltd, a wholly owned subsidiary of Lloyds
TSB Bank plc, a wholly owned subsidiary of Lloyds Banking Group plc (Indirect
Interests).

4,966,726 shares (10.242%) are under the control of Insight Investment
Management (Global) Limited, a wholly owned subsidiary of Insight Investment
Management Limited, a wholly owned subsidiary of HBOS Insurance & Investment
Group Limited, a wholly owned subsidiary of HBOS plc, a wholly owned subsidiary
of Lloyds Banking Group plc (Indirect Interests).

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:

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

(15). Contact telephone number:

020 7743 2427


22 January 2009