TR-1 NOTIFICATION OF MAJOR INTERESTS IN SHARES

1.   Identity of the issuer or the underlying issuer of existing shares to    
     which voting rights are attached :                                       
                                                                              
     Gartmore Smaller Companies Trust p.l.c.                                  

2.   Reason for the notification (place an X inside the appropriate bracket/s) :

     An acquisition or disposal of voting rights                        X     
                                                                              
     An acquisition or disposal of financial instruments which may            
     result in the acquisition of shares already issued to which voting rights              
     are attached                                                             
                                                                              
     An event changing the breakdown of voting rights                         
                                                                              
     Other (Reduction due to application of Trading Book                      
     exemption)                                                               

3.   Full name of person(s) subject to the notification obligation :          
                                                                              
     Wesleyan Assurance Society                                               

4.   Full name of shareholder(s) (if different from 3) :                      
                                                                              

5.   Date of the transaction (and date on which the threshold is crossed or   
     reached if different) :                                                  
                                                                              
     29 September 2008                                                        

6.   Date on which issuer notified :                                          
                                                                              
     30 September 2008                                                        

7.   Threshold(s) that is/are crossed or reached :                            
                                                                              
     3%                                                                       

8.   Notified Details :                                                       
                                                                              

A: Voting rights attached to shares

Class/type of Situation previous    Resulting situation after the Triggering   
  shares if    to the Triggering                   transaction                 
  possible        transaction                                                  
  using the                                                                    
  ISIN CODE                                                                    
                                                                               
              Number of Number of  Number of  Number of voting    % of voting  
               Shares     Voting    shares         rights           rights     
                          Rights                                               
                                                                               
                                    Direct    Direct   Indirect Direct Indirect
                                                                               
GB0005323091   400,000   450,000              450,000           3.248%         

B: Financial Instruments

Resulting situation after the triggering transaction

  Type of f   Expiration   Exercise/Conversion  Number of voting   % of voting 
  inancial        date         Period/Date     rights that may be     rights   
 instrument                                     acquired if the                
                                                 instrument is                 
                                               exercised/converted             
                                                                               

Total (A+B) :                                                                 
                                                                              
Number of voting rights                % of voting rights                     
                                                                              
450,000                                3.248%                                 

9.   Chain of controlled undertakings through which the voting rights and/or  
     the financial instruments are effectively held, if applicable :          
                                                                              

Proxy Voting:

10.  Name of proxy holder :                                                   
                                                                              

11.  Number of voting rights proxy holder will cease to hold :                
                                                                              

12.  Date on which proxy holder will cease to hold voting rights :            
                                                                              

13.  Additional information :                                                 
                                                                              

14.  Contact name :                                                           
                                                                              
     Paul Griggs                                                              

15.  Contact telephone number :                                               
                                                                              
     020-7782 2641                                                            

16.  Date of notification :                                                   
                                                                              
     01 October 2008                                                          



END


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