Holding(s) in Company

TR-1: 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 qualifying financial instruments which may result
in the acquisition of shares already issued to which voting rights are
attached: ( )

An acquisition or disposal of financial instruments with similar economic
effect to qualifying financial instruments: ( )

An event changing the breakdown of voting rights: ( )

Other (please specify) : ( )

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

Lloyds Banking Group plc

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

See Section 9

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

10 May 2011

(6). Date on which issuer notified:

11 May 2011

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

Direct/indirect holdings decreased below 9%

(8). Notified details:

A: Voting rights attached to shares

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

Situation previous to the triggering transaction:
Number of Shares: 4,779,208
Number of Voting rights: 4,779,208

Resulting situation after the triggering transaction:
Number of shares:
Direct: 77,682
Number of voting rights:
Direct: 77,682
Indirect: 4,177,430

% of voting rights:
Direct: 0.162%
Indirect: 8.725%


B. Qualifying Financial Instruments

Resulting situation after the triggering transaction:

Type of financial instrument:

Expiration date:

Exercise/Conversion Period/Date:

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

% of voting rights:

C. Financial Instruments with similar economic effect to Qualifying Financial
Instruments


Resulting situation after the triggering transaction

Type of financial instrument:

Exercise price:


Expiration date:


Exercise/Conversion period:


Number of voting rights instrument refers to:


% of voting rights

Nominal:

Delta:

Total (A + B+C):

Number of voting rights: 4,255,112

% of voting rights: 8.887%


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

4,239,114 shares (8.854%) are under the control of Scottish Widows Investment
Partnership Ltd, a wholly owned subsidiary of Scottish Widows Investment
Partnership Group 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).

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:

Notification using the Total Voting Rights figure of 47,879,792

(14). Contact name:

Caroline Driscoll
For BlackRock Investment Management (UK) Limited
Secretary

(15). Contact telephone number:

020 7743 2427


11 May 2011