German Smaller Co - Holding under SAR 3

RNS No 2964m
GERMAN SMALLER COMPANIES INVESTMENT TRUST PLC
30 July 1999
                                                                FORM SAR 3


Lodge with Company announcements office (which will publicise and copy to the
Panel). A copy must also be sent to the company the shares of which are
acquired.

                                                                              
Date of disclosure......30-7-99......................................


DISCLOSURE UNDER RULE 3 OF THE RULES GOVERNING
SUBSTANTIAL ACQUISITIONS OF SHARES ("SARs")


Date of acquisition.....29-7-99......................................


Acquisition in German Smaller Co's Investment Trust PLC(name of company)


(1) Class of voting shares  Number of shares/rights over  If rights over      
    (eg ordinary shares)    shares acquired               shares acquired,
                                                          as opposed to the   
                                                          shares themselves,  
                                                          specify nature of 
    ..Ordinary............ ........850,000.... Shares    rights               
                                            
                           .................... Rights   .....................



(2) Resultant total holding of  Resultant total holding of   Total Percentage 
voting shares (and % of total   rights over shares (and % 
voting shares in issue          total voting shares in issue

 ...7,345,000....(18.53%)       ...............(   %)     ..7,345,000.(18.53%)



(3) Party making disclosure .....SG Securities (London) Limited..........



(4)  (a) Name of person acquiring shares or rights over shares

 .............SG Securities (London) Limited............................

              and, if different, beneficial owner
........................................................................  
     (b) Names of any other persons acting by agreement or understanding
                           (see SAR 5)

 .......................................................................


Name of signatory - Stuart Mclerie..........................................

Telephone and extension number - 0171 522 1506..........................



Note. Under SAR5, the holdings of and acquisitions by persons acting by
agreement or understanding must be aggregated and treated as a holding of or
acquisition by one person. Note 3 on SAR5 requires persons who must aggregate
holdings to disclose certain disposals.

For full details of the SARs disclosure requirements, see Rules 3 and 5 of the
SARs. If in doubt contact the Panel on Takeovers and Mergers , Tel No 0171-382
9026.
             

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