Holding(s) in Company

BFS Small Co Div Tst PLC
8 March 2002

BFS Small Companies Dividend Trust PLC

The Company has today been informed that, following a sale of 150,000 Ordinary
shares on 6 March 2002, Geared Income Investment Trust PLC now holds 733,500
Ordinary shares in the Company, representing 4.66% of the issued class of
capital.

8 March 2002

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