GSC Gs Chain Plc

RNS No 2919r
GERMAN SMALLER COMPANIES INVESTMENT TRUST PLC
29 July 1999


Letter to:  German Companies Investment Trust PLC

Section 198/200

Pursuant to Sections 198 and 200 of the Companies Act 1985 (as amended) please
note the following:

SG Securities (London) Ltd ("SGSL") hereby gives notification of an increase of
its holding in the relevant share capital of German Smaller Companies Investment
Trust PLC from the last reported 13.87% to 16.39%.  (This is a share holding of
6,495,000 of issued share capital share capital of 39,629,000).

This interest is wholly that of SGSL, as principal (as per section 208(5)).

Letter from:  SG Securities (London) Ltd
              0171 522 1506
              Stuart McIerie

END

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