Holding in Company

Montanaro UK Smlr Cos Inv Tst PLC
23 August 2000


Schedule 10 - Notification of Major Interests in Shares

1   Name of company:
Montanaro UK Smaller Companies Investment Trust plc

2   Name of shareholder having a major interest:
Merseyside Pension 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 or children under the age of 18:


4   Name of registered holder(s) and, if more than one holder, the number of
shares held by each of them:
The Bank of New York, Brussels A/c 605000

5   Number of shares/amount of stock acquired:


6   Percentage of issued class:


7   Number of shares/amount of stock disposed:
1,446,805

8   Percentage of issued class:
3.61%

9   Class of security:
ordinary 10p share

10  Date of transaction:
23 August 2000

11  Date company informed:
23 August 2000

12  Total holding following this notification:
2,500,000

13  Total percentage holding of issued class following this notification:
6.23%

14  Contact name for queries:
Clare Mountford

15 Contact telephone number:
01392 477 508

16  Name of company official responsible for making notification:
Sinclair Henderson Limited, Company Secretary

17  Date of notification:
23 August 2000





Additional Information: