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 ) disposal

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):

Asset Value Investors Ltd

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

1. State Street Nominees - 01RP & ASV0
2. BoNY Nominees - 392213
3. Mellon Nominees - COLF1283002
4. Chase Nominees - 11429 & 32072
5. NorTrust Nominees - YUE03

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

4 February 2010

(6). Date on which issuer notified:

8 February 2010

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

5%

(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: 4,490,934
Number of Voting rights(viii): 4,321,723

Resulting situation after the triggering transaction(vii):
Number of shares:
DIRECT: 0
Number of voting rights (ix):
Direct (x): 0
Indirect (xi): 0

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

B. Financial Instruments

Resulting situation after the triggering transaction (xii):

Type of financial instrument: n/a

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: 0

% of voting rights: 0%


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

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


8 February 2010