Net Asset Values

3i Smaller Quoted Co's Trust PLC
7 September 2000

3i SMALLER QUOTED COMPANIES TRUST PLC.

The unaudited net asset value of 3i Smaller Quoted Companies Trust plc as at the
close of business on 31 August 2000 was 361.82p per share.

The unaudited net asset value of 3i Smaller Quoted Companies Trust plc as at the
close of business on 1 September 2000 was 368.08p per share.

The unaudited net asset value of 3i Smaller Quoted Companies Trust plc as at the
close of business on 4 September 2000 was 371.48p per share.

The unaudited net asset value of 3i Smaller Quoted Companies Trust plc as at the
close of business on 5 September 2000 was 369.34p per share.

The unaudited net asset value of 3i Smaller Quoted Companies Trust plc as at the
close of business on 6 September 2000 was 368.33p per share.