Holding(s) in Company

Scottish Mortgage Inv Tst PLC
03 March 2004

                     Scottish Mortgage Investment Trust PLC

                        Disclosure of Interest in Shares



Scottish Mortgage Investment Trust PLC has today been advised that Barclays PLC
has an interest in 8,921,769 ordinary shares in the Company, which equates to
3.00% of the 297,350,115 ordinary shares in issue.



                                                           Baillie Gifford & Co.

                                                          Managers & Secretaries

                                                                    3 March 2004


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