RNS Number:3528N
Schroder UK Mid & Small Cap Fd PLC
09 July 2003




9 July 2003



                    Substantial Share Interest Notification

We are writing to advise you that the Company was notified on 9 July 2003, that
as of close of business on 7 July 2003, Bear Stearns International Trading
Limited no longer had an interest in the ordinary shares in the Company.




Enquiries:

Neil Olofsson

Schroder Investment Management Limited

Tel: 020 7658 3496


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