RNS Number:0960N
Schroder UK Mid & Small Cap Fd PLC
02 July 2003




                                                                     2 July 2003



                    Substantial Share Interest Notification

We are writing to advise you that the Company was notified on 2 July 2003 that,
following a purchase of 1,000,000 shares on 1 July 2003, Exeter Asset Management
Limited has an interest in 1,500,000 shares, representing 5.53% of the
27,118,657 shares in issue, held by portfolios under their management.

The shares are held by Exeter Managed Growth Fund.



Enquiries:

John Spedding

Schroder Investment Management Limited

Tel: 020 7658 3206


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