Purchase of Own Securities

F&C Smaller Companies PLC
26 February 2003

                           F&C SMALLER COMPANIES PLC

                             PURCHASE OF OWN SHARES









1) Date of purchase:

25 February 2003

2) Number of Ordinary Shares purchased:

243,305

3) Highest and lowest price paid per share (excluding expenses):

£1.265

4) The issued share capital of the Company following this buy-back will be:

Ordinary Shares - 92,171,232

5) Name and telephone number of contact for queries:

R Hostler

Tel: [phone]

6) Name of authorised Company official responsible for this notification:

R Hostler

For and on behalf of F&C Management Limited, Secretary

7) Date of notification

25 February 2003



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