Transaction in Own Shares

F&C Global Smaller Companies PLC
29 December 2005


                        F&C GLOBAL SMALLER COMPANIES PLC

                      (FORMERLY F&C SMALLER COMPANIES PLC)

                           TRANSACTION IN OWN SHARES


1) Date of purchase:

29 December 2005

2) Number of Ordinary Shares purchased:

10,000

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

369.8188p

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

Ordinary Shares - 50,923,841

5) Name and telephone number of contact for queries:

David Fallon
Tel: [phone]

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

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

7) Date of notification

29 December 2005


                      This information is provided by RNS
            The company news service from the London Stock Exchange