RNS Number:7597U
Britannic Smaller Companies Tst PLC
28 January 2004



                     BRITANNIC SMALLER COMPANIES TRUST PLC

                CONTACT : MARIE ROSS (TEL NO: 0141 - 222 - 8288)

                                28 January 2004


Announcement begins

Britannic Smaller Companies Trust PLC announces that on 28 January 2004 it
purchased 25,000 Ordinary Shares of 25p for cancellation at a price of 155p per
Ordinary Share.

Following this purchase for cancellation the number of Ordinary Shares of 25p in
issue is 37,703,461.

Announcement ends


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

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