RNS Number:6356M
Schroder UK Mid & Small Cap Fd PLC
23 June 2003


23 June 2003


                    Substantial Share Interest Notification


We are writing to advise you that the Company was notified on 23 June 2003, that
Laxey Partners Limited has an interest in 2,770,000 ordinary shares in the
Company, representing 10.21% of the shares in issue.



Enquiries:

John Spedding

Schroder Investment Management Limited

Tel: 020 7658 3206


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

HOLBBGDLXDDGGXX