Holding in Company

Perpetual UK Smaller Co's IT PLC
5 July 2001

Headline:     Holding in Company





                 Schedule 10 - Notification of Major Interests in Shares







1.         Name of Company



            Perpetual UK Smaller Companies Investment Trust plc



2.         Name of shareholder having a major interest



          Royal London Asset Management on behalf of Royal London Long Term Fund



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 of children under the age of 18:



            Notification is in respect of the shareholder named in 2 above



4.         Name of registered holder(s) and, if more than one holder, the
number of shares held by each of them:



            N/A



5.         Number of shares/amount of stock acquired:



            N/A



6.         Percentage of issued class:



            N/A



7.         Number of shares/amount of stock disposed:



            268,562



8.         Percentage of issued class:



            1.91



9.         Class of security:



            Ordinary shares





10.       Date of Transaction:



            3 July



11.       Date company informed:



            5 July 2001



12.       Total holding following this notification:



          907,438



13.       Total percentage holding of issued class following this
notification:



         6.48%



14.       Contact name for queries:



          Jonathan McGuire



15.       Contact telephone number:



          0207 454 3185



16.       Name of company official responsible for making notification:



         Jonathan McGuire
         for INVESCO Asset Management Limited, Secretaries



17.       Date of notification:


          5 July 2001







Additional Information