North Atl.smlr Regulatory News (NAS)

For filings with the FSA include the annex

For filings with issuer exclude the annex

TR-1: Notifications of Major Interests in Shares

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:

North Atlantic Smaller Companies Investment Trust PLC

2. Reason for notification (yes/no)

An acquisition or disposal of voting rights

YES

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 (please specify):______________

3. Full name of person(s) subject to notification obligation:

CG Asset Management Limited

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

Nortrust Nominees and

Smith & Williamson Nominees

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

10 June 2010

6. Date on which issuer notified:

11 June 2010

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

5%

8: Notified Details

A: Voting rights attached to shares

Class/type of shares

If possible use ISIN code

Situation previous to the triggering transaction

Resulting situation after the triggering transaction

Number of shares

Number of voting rights

Number of shares

Number of voting rights

Percentage of voting rights

Direct

Indirect

Direct

Indirect

Ordinary Shares

B: Financial Instruments

Resulting situation after the triggering transaction

Expiration date

Exercise/ conversion period/date

No. of voting rights that may be acquired (if the instrument exercised/converted)

Percentage of voting rights

Total (A+B)

Number of voting rights

Percentage of voting rights

759,859

5.09%

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

Nortrust Nominees for CG Portfolio Fund Ltd - 3.41%

Nortrust Nominees for CG Portfolio Fund Plc - 0.35%

Smith & Williamson Nominees for Capital Gearing Trust Plc - 1.34%

Proxy Voting:

10. Name of proxy holder:

N/A

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

N/A

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

N/A

13. Additional information:

14 Contact name:

Mark Purnell

15. Contact telephone name:

020 7747 8952