Transaction in Own Shares

3i Smaller Quoted Co's Trust PLC
03 December 2003


3i Smaller Quoted Companies Trust plc

On 3 December 2003, 3i Smaller Quoted Companies Trust plc purchased 1,000,000 of
its own Ordinary Shares of 25p each, at a purchase price of 163p per share, for
cancellation in due course.


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