RNS Number:9371X
SMALLER COMPANIES VALUE TRUST PLC
28 June 2002


Smaller Companies Value Trust (the "Company") was advised on 28 June 2002 that
The Bank of New York (Nominees) Limited has the following interest in the
Company's issued share capital:

3,000,000 Income Shares

This holding, representing 14.76% of the Company's issued Income Shares, is held
on behalf of Merchant Investors Assurance Company Limited.



                      This information is provided by RNS
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