Portfolio Update

Shires Smaller Companies PLC
02 April 2007


2 April 2007





Shires Smaller Companies plc



Pursuant to Listing Rule 21.20 (l) (i), Shires Smaller Companies plc announces
that as at 31 March 2007 its investments in other listed investment companies
(including listed investment trusts) which themselves do not have stated
investment policies to invest no more than 15% of their total assets in other
listed investment companies (including listed investment trusts) were as
follows:

Name of Holding                                         Number held

Midas Income & Growth Trust                                 648,723
Midas Income & Growth Trust 'C'                             500,000





Shires Smaller Companies plc is managed by Glasgow Investment Managers.



                      This information is provided by RNS
            The company news service from the London Stock Exchange