RNS Number:7017U
Britannic Smaller Companies Tst PLC
27 January 2004


                     BRITANNIC SMALLER COMPANIES TRUST PLC
                CONTACT : MARIE ROSS (TEL NO: 0141 - 222 - 8288)

                                27 January 2004


Announcement begins

Britannic Smaller Companies Trust PLC announces that on 26 January 2004 it
purchased 10,000 Ordinary Shares of 25p for cancellation at a price of 151p per
Ordinary Share.

Following this purchase for cancellation the number of Ordinary Shares of 25p in
issue is 37,728,461.

Announcement ends


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

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