Holding(s) in Company

North Atlantic Smlr Co Inv Tst PLC
5 April 2002


                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES


1)   Name of company

NORTH ATLANTIC SMALLER COMPANIES INVESTMENT TRUST PLC

2)   Name of shareholder having a major interest

EXETER ASSET MANAGEMENT LIMITED

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

AS IN 2 ABOVE

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


EXETER SMALLER COMPANIES INCOME FUND - 300,000 SHARES

EXETER SELECTIVE ASSETS INVESTMENT TRUST - 160,000 SHARES

EXETER CAPITAL GROWTH FUND - 300,000 SHARES

EXETER MANAGED GROWTH FUND - 70,000

EXETER GLOBAL OPPORTUNITIES FUND - 107,500

5)   Number of shares/amount of stock acquired

125,000 SHARES

6)   Percentage of issued class

1%

7)   Number of shares/amount of stock disposed

N/A

8)   Percentage of issued class

N/A

9)   Class of security

ORDINARY SHARES OF 5P EACH

10)  Date of transaction

4 April 2002

11)  Date company informed

5 April 2002

12)  Total holding following this notification

937,500 SHARES




13)  Total percentage holding of issued class following this notification

8.70%

14)  Any additional information



15)  Name of contact and telephone number for queries

Rachel Butlin,- 020 7747 5680

16)  Name and signature of authorised company official responsible for
     making this notification

For and on behalf of J O Hambro Capital Management Limited as Company Secretary
of North Atlantic Smaller Companies Investment Trust plc

Rachel Butlin Company Secretary

     Date of notification ..5 April ...2002.....



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