RNS Number:9700M
Schroder UK Mid & Small Cap Fd PLC
30 June 2003




                                                                    30 June 2003



                    Substantial Share Interest Notification

We are writing to advise you that the Company was notified on 30 June 2003, that
Laxey Partners (UK) Limited (as discretionary investment manager) is interested
in 2,020,000 ordinary shares in the Company, representing 7.45% of the shares in
issue, and thus no longer has a notifiable interest.






Enquiries:

John Spedding

Schroder Investment Management Limited

Tel: 020 7658 3206


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