Substantial Shareholding

Shires Smaller Companies PLC
06 September 2007

                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES


1)   Name of company:  Shires Smaller Companies

2)   Name of shareholder having a major interest: Universities Superannuation
Scheme Limited


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:  as above

4)   Name of the registered holder(s) and, if more than one holder, the
     number of voting rights by each of them

     Chase Nominees Limited (USS)         575,000


5)   Number of voting rights acquired:  Disclosure made under Transparency
Directive

6)   Percentage of issued class:

7)   Number of voting rights disposed: 100,000

8)   Percentage of issued class

9)   Class of security: Ordinary 50p shares

10)  Date of transaction:  04 September 2007

11)  Date company informed:  06 September 2007

12)  Total holding following this notification:     575,000

13)  Total percentage holding of voting rights following this notification:

2.6%

14)  Any additional information

15)  Name of contact and telephone number for queries:  Kirsty Hussain - 0141
572 2700

16)  Name and signature of authorised company official responsible for
     making this notification: Graeme McDonald



     Date of notification:  06 September 2007





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