GSC Gs Chain Plc

RNS No 1540b
GERMAN SMALLER COMPANIES INVESTMENT TRUST PLC
27 July 1999

To: German Smaller Companies Inv Trust PLC

Section 198/200

Pursuant to Sections 198 and 200 of the Companies Act 1985 (as amended) please
note the following:

SG Securities (London) Ltd ("SGSL") hereby gives notification of an increase of
its holding in the relevant share capital of German Smaller Companies Investment
Trust PLC from the last reported 11.09% to 13.87%. (This is a share holding of
5,495,000 of issued share capital of 39,629,000).
This interest is wholly that of SGSL, as principal (as per section 208 (5)).

From:  Stuart Mclerie
       Compliance
       SG SECURITIES (LONDON) LTD

END


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