Director Shareholding

SCHEDULE 11                                  

HEADLINE: NOTIFICATION OF INTERESTS OF DIRECTORS
AND CONNECTED PERSONS

1) Name of company

PERPETUAL UK SMALLER COMPANIES INVESTMENT TRUST PLC

2) Name of director

J.A.J. BERRY

3) Please state whether notification indicates that it is in respect of holding
of the shareholder named in 2 above or in respect of a non-beneficial interest
or in the case of an individual holder if it is a holding of that person's
spouse or children under the age of 18 or in respect of a non-beneficial
interest

PRIVATE CLIENT OF BERRY ASSET MANAGEMENT PLC

4) Name of the registered holder(s) and, if more than one holder, the number of
shares held by each of them (if notified)

HARBOUR NOMINEES LIMITED

5) Please state whether notification relates to a person(s) connected with the
Director named in 2 above and identify the connected person(s)

N/A

6) Please state the nature of the transaction. For PEP transactions please
indicate whether general/single co PEP and if discretionary/non discretionary

DISCRETIONARY CLIENT

7) Number of shares/amount of stock acquired

N/A

8) Percentage of issued class

N/A

9) Number of shares/amount of stock disposed

N/A

10) Percentage of issued class

N/A

11) Class of security

ORDINARY

12) Price per share

N/A

13) Date of transaction

N/A

14) Date company informed

22 APRIL 2002

15) Total holding following this notification

19,802 (BENEFICIAL HOLDING = 5,447;

NON-BENEFICIAL HOLDING = 14,355)

16) Total percentage holding of issued class following this notification

0.14%

17) Name of contact and telephone number for queries

JONATHAN MCGUIRE

020 7454 3185

18) Name and signature of authorised company official responsible for making
this notification

JONATHAN MCGUIRE

FOR PERPETUAL UK SMALLER COMPANIES INVESTMENT TRUST - SECRETARIES

19) Further Information

NEW CLIENT OF BERRY ASSET MANAGEMENT PLC WITH AN EXISTING HOLDING OF 1,779
ORDINARY SHARES IN THE COMPANY.

Date of Notification

22 APRIL 2002