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: ( 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) : ( )

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

1. AVI Value Fund - 854,192
2. British Empire - 2,234,282
3. Carnegie - 157,764
4. CF AVI Global Fund - 377,652
5. Columbia (non-voting) - 169,211
6. Rockefeller - 123,416
7. Yale University - 623,439

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

1. State Street Nominees
2. Chase Nominees
3. State Street Nominees
4. BoNY Nominees
5. Mellon Nominees
6. Chase Nominees
7. NorTrust Nominees

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

2 February 2009

(6). Date on which issuer notified:

4 February 2009

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

9%

(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: 4,394,956
Number of Voting rights(viii): 4,225,745

Resulting situation after the triggering transaction(vii):
Number of shares:
DIRECT: 4,539,956
Number of voting rights (ix):
Direct (x): 4,370,745
Indirect (xi): 0

% of voting rights:
Direct: 9.01%
Indirect: 0%

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: 4,370,745

% of voting rights: 9.01%


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

State Street Nominees acts as custodian for the AVI Value Fund LLC
JPMorgan Chase Nominees acts as custodian for British Empire Securities
State Street Nominees acts as custodian for the Carnegie Corporation
Bank of New York Nominees acts as custodian for the CF AVI Global Fund
Mellon Nominees acts as custodian for The Trustees of Columbia University
(non-voting)
JPMorgan Chase Nominees acts as custodian for The Rockefeller University
Northern Trust Nominees acts as custodian for Yale University


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


5 February 2009