Circ re EGM & Deb Stock 2023

Edinburgh Small Companies Trust plc
17 July 2007


EDINBURGH SMALL COMPANIES TRUST PLC

17 July 2007

Change of name, renewal of authorities to repurchase and reissue shares and
redemption of debenture stock

Edinburgh Small Companies Trust plc (the 'Company') announces that it has today
published a circular to shareholders convening an extraordinary general meeting
for 21 August 2007.

At the EGM, resolutions will be put to ordinary shareholders of the Company to
change the name of the Company to Standard Life UK Smaller Companies Trust plc;
to renew the Company's general authority to make share buy backs and extend that
authority to allow the Company to hold shares in treasury; to renew the
Company's authority to allot new shares and extend that authority to sell shares
out of treasury; and to disapply pre-emption rights in respect of limited issues
of new shares and transfers of shares out of treasury.

The Circular also sets out that, in conjunction with the above proposals, the
Board intends to simplify the Company's capital structure by redeeming all the
Company's 7 3/4 per cent. debenture stock 2023 ('Debenture Stock') and entering
into a proposed new £10,000,000 3 year revolving credit facility.

The Company has accordingly also today despatched notices to holders of the
Debenture Stock to redeem all the Debenture Stock in issue on 23 August 2007 in
accordance with the terms of the Debenture Stock trust deed. The Company
currently has £9,648,028 in par value of Debenture Stock in issue. If the
Debenture Stock had been redeemed on 11 July 2007, the latest practicable date
prior to despatch of the circular, the price payable for early redemption would
have been £12,067,950 in aggregate plus accrued interest. The actual repayment
price will be subject to market movements in the gross redemption yield of the
Debenture Stock and the 8 3/4 per cent. treasury stock 2017 comparator up to the
redemption date.

Enquiries

Richard England
Press Manager, Standard Life Investments
Tel. [phone]

Harry Nimmo
Head of UK Smaller Companies, Standard Life Investments
Tel. [phone]

Gordon Humphries
Head of Investment Companies, Standard Life Investments
Tel. [phone]


Nathan Brown
Winterflood Securities, Corporate Broker to the Company
Tel. [phone]


The Circular has been forwarded to and will shortly be available for inspection
at the FSA's Document Viewing Facility which is located at:

Financial Services Authority
25 The North Colonnade
Canary Wharf
London E14 5HS

Tel. [phone]

Copies of the circular are available from the Company Secretary, Edinburgh Fund
Managers PLC, Donaldson House, 97 Haymarket Terrace, Edinburgh EH12 5HD or
Dickson Minto WS, Royal London House, 22/25 Finsbury Square, London EC2A 1DX or
may be downloaded from the Company's webpage on the website of the Manager,
Standard Life Investments, which may be accessed from www.sli.co.uk/its.


                      This information is provided by RNS
            The company news service from the London Stock Exchange END

MSCGUUCWMUPMGUM