GSM Gart.Sml.Co

    The announcement reference PRNUK-2011081140-00CB should have been made by
Gartmore Smaller Companies Trust p.l.c. and not Gartmore Fledgling Trust plc.
All other parts of the announcement are unchanged



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                   X     
                                                                              
     Other (Reduction due to application of Trading Book                      
     exemption)                                                               

3.   Full name of person(s) subject to the notification obligation :          
                                                                              
     Standard Life Investments Limited                                        

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

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

6.   Date on which issuer notified :                                          
                                                                              
     20 November 2008                                                         

7.   Threshold(s) that is/are crossed or reached :                            
                                                                              
     3% and 4%                                                                

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  Indirect  Direct  Indirect
                                                                               
GB0005323091  Below 3%   Below 3%   635,000  635,000           4.583%          

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                     
                                                                              
635,000                                4.583%                                 

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 :                                                   
                                                                              
     20 November 2008                                                         



END

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