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Finsbury Smlr QtdPLC (FSQ)

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Monday 17 March, 2003

Finsbury Smlr QtdPLC

Holding(s) in Company

Finsbury Smaller Quoted Cos Tst PLC
17 March 2003


                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES

1. Name of company

FINSBURY SMALLER QUOTED COMPANIES TRUST PLC

2. Name of shareholder having a major interest

BRITISH EMPIRE SECURITIES PLC


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 ABOVE

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

CHASE NOMINEES LIMITED

5. Number of shares / amount of stock acquired

N/A

6. Percentage of issued class

N/A

7. Number of shares / amount of stock disposed

2,008,500

8. Percentage of issued class

13.1%

9. Class of security

ORDINARY SHARES OF 25P EACH

10. Date of transaction

13 MARCH 2003



11. Date company informed

14 MARCH 2003

12. Total holding following this notification

NIL

13. Total percentage holding of issued class following this notification

NIL

14. Any additional information

Aberdeen Asset Managers Limited also write to inform you that they sold 561,500 shares, on 13 March 2003
on behalf of discretionary funds under management.

The total number of shares managed by Aberdeen Asset Managers Limited and its associated companies is
1,250,000 shares representing 8.10% of the issued share capital of that class (previously 24.74%).

15. Name of contact and telephone number for queries

KELLY CHANDLER - 020 7426 6219

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

FAITH PENGELLY, FOR AND ON BEHALF OF CLOSE FINSBURY ASSET MANAGEMENT LIMITED, SECRETARY

Date of notification

17 MARCH 2003

The FSA does not give any express or implied warranty as to the accuracy of this
document or material and does not accept any liability for error or omission.
The FSA is not liable for any damages (including, without limitation, damages
for loss of business or loss of profits) arising in contract, tort or otherwise
from the use of or inability to use this document, or any material contained in
it, or from any action or decision taken as a result of using this document or
any such material.


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