Holding in Company

3i Smaller Quoted Co's Trust PLC
10 May 2000



LETTER TO: 3I SMALLER QUOTED COMPANIES TRUST PLC

DATED: 8 MAY 2000


COMPANIES ACT 1985
DISCLOSURES OF INTEREST IN VOTING SHARES

In compliance with part VI of the above Act, as amended, I inform you that, as a
result of recent sales, the notifiable interest of Prudential Plc, in the
following class of voting shares in your company, is now as specified below.

As a consequence, we no longer hold a notifiable interest in your company.

Furthermore, in compliance with Part VI of the above Act, as amended, I inform
you that with effect from Monday 8th May 2000, the registration details for some
funds currently managed by Prudential plc have changed. As a direct result, the
names of the registered holders which comprise our notifiable interest in the
voting shares in your company will now be listed on the report below.

LETTER FROM: COLIN HOUGHTON, PRUDENTIAL PLC





                          NOTIFIABLES                    
                          Position Report                  
         SEDOL : 0643610       Client Fund Reporting Group : PPMB


                Shares in Issue    Registered Holder   Current Holder  Holding
                                                                        %

3I SMLR QUOTED
 COS 0643610 
 ORD GBP0.25    57,918,523        PRUCLT HSBC GIS NOM
                                   (UK) PAC AC         1,250,492
                                  PRUCLT HSBC GIS NOM
                                   (UK) PPL AC            26,000

                57,918,523                             1,276,492       2.20


END