Annual Information Update

Merrill Lynch Br. SmallerCo Tst PLC
24 May 2006


MERRILL LYNCH BRITISH SMALLER COMPANIES TRUST PLC

ANNUAL INFORMATION UPDATE

Annual information update for the 12 months to 23 May 2006

Pursuant to the requirements of Prospectus Rule 5.2 the following summarises the
information that has been published or made available to the public by the
Company.  Please note that some of this information may be out of date.
     
1.   Announcements via a Regulatory Information Services (RIS):

(RIS Announcements can be viewed at or downloaded via the internet from 
http:///dev.uk-wire.com using EPIC code MBS).

1.1  Net Asset Values

As far as possible the Company has announced daily the net asset value per share
as at the close of the previous business day.
     
1.2  Top 10 Holdings / 15.4.11(2) Announcements:

2 March 2005
2 June 2005
2 September 2005
2 December 2005
2 March 2006
     
1.3  Transactions in own shares:

24 March 2005
29 March 2005
     
1.4  Performance at month end:

10 March 2005
14 April 2005
13 May 2005
14 June 2005
13 July 2005
11 August 2005
13 September 2005
14 October 2005
15 November 2005
13 December 2005
17 January 2006
14 February 2006
9 March 2006
25 April 2006
18 May 2006
     
1.5  Portfolio updates / 15.4.11(1) announcements:

2 March 2005
4 April 2005
4 May 2005
2 June 2005
4 July 2005
2 August 2005
2 September 2005
4 October 2005
2 November 2005
2 December 2005
4 January 2006
2 February 2006
2 March 2006
4 April 2006
3 May 2006
     
1.6  Other announcements:

28 February 2005    Director/PDMR shareholding
6 April 2005        Director/PDMR shareholding
14 April 2005       Holdings in Company
22 April 2005       Release of final results
26 April 2005       Director/PDMR shareholding
4 May 2005          UKLA submission of documents
20 May 2005         Holdings in Company
2 June 2005         Results of AGM/Retirement of a Director
15 July 2005        Holdings in Company
9 August 2005       Holdings in Company
16 August 2005      Holdings in Company
11 October 2005     Release of interim results
11 October 2005     Dividend payment date
27 October 2005     UKLA submission of documents
25 November 2005    Holdings in Company
11 January 2006     Holdings in Company
21 March 2006       Holdings in Company
30 March 2006       Holdings in Company
5 April 2006        Holdings in Company
2 May 2006          Release of final results
5 May 2006          UKLA submission of documents
     
2.   Documents filed with the Register of Companies:

18 April 2005       Form 169
27 April 2005       Form 169
3 June 2005         Form 228b (resignation of a director)
3 June 2005         AGM - Special Resolutions
8 June 2005         Annual Report and Accounts for year ended 28 February 2005
25 July 2005        Form 363a (annual return 2005)
9 August 2005       Memorandum and articles of association
19 May 2006         Annual report and accounts for year ended 28 February 2006
     
3.   Printed publications:

The Annual Report and Accounts for the year ended 28 February 2006 and the
Interim Report for the six months ended 31 August 2005 are available from the
Company's registered office, c/o The Company Secretary, Merrill Lynch British
Smaller Companies Trust plc, 33 King William Street, London EC4R 9AS or can be
downloaded from www.mlim.co.uk/its under Literature and Investing for the Trust.

Other sources of information:

The Company's ordinary shares are listed on the London Stock Exchange and the
price for these shares is published in the Financial Times and the Times under '
Investment Trusts'.  The share price is also available on the Merrill Lynch
Investment Managers website at www.mlim.co.uk/its.

Further information can be obtained from Merrill Lynch Investment Managers as
follows:

        Free Investor Helpline:      0800 445522
        Email address:               www.mlim.co.uk/its

In addition, regular Factsheets on the Company are produced by Merrill Lynch
Investment Managers and can be downloaded from www.mlim.co.uk/its.


Merrill Lynch Investment Managers Group Services Limited
Secretary

24 May 2006



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