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                                                                    

3.   Full name of person(s) subject to the notification obligation :          
                                                                              
     Deutsche Bank AG                                                         

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) :                                                  
                                                                              
     7 October 2008                                                           

6.   Date on which issuer notified :                                          
                                                                              
     8 October 2008                                                           

7.   Threshold(s) that is/are crossed or reached :                            
                                                                              
     11% - 3%                                                                 

8.   Notified Details :                                                       
                                                                              
     Not Applicable                                                           

A: Voting rights attached to shares

 Class/type  Situation previous     Resulting situation after the Triggering    
of shares if  to the Triggering                    transaction                  
  possible       transaction                                                    
 using the                                                                      
 ISIN CODE                                                                      
                                                                                
             Number of Number of  Number of  Number of voting % of voting rights
              Shares     Voting     shares        rights                        
                         Rights                                                 
                                                                                
                                    Direct   Direct  Indirect  Direct   Indirect
                                                                                
GB0005323091 1,585,000 1,585,000   Below 3%   Below           Below 3%          
                                               3%                               

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                     
                                                                              
Below 3%                               Below 3%                               

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 :                                                           
                                                                              
     David Pearson                                                            

15.  Contact telephone number :                                               
                                                                              
     020-7782 2617                                                            

16.  Date of notification :                                                   
                                                                              
     9 October 2008                                                           



END



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