Conversion of Warrants

Edinburgh Small Companies Trust plc
13 October 2005

                      Edinburgh Small Companies Trust plc

                             Conversion of Warrants

Application has been made by Edinburgh Small Companies Trust plc ('the Company')
to the Financial Services Authority and the London Stock Exchange for a total of
100 Ordinary shares of 25p each ('Ordinary Shares') to be admitted to the
Official List.

It is expected that permission to admit the new shares will be granted on 13
October 2005 and that admission and trading will commence on 14 October 2005.

The listing application has been made following the exercise of 100 Warrants to
subscribe for Ordinary Shares at 100p per share ('Warrants') in the period to 30
September 2005.

The Ordinary Shares will rank, pari passu, with the existing Ordinary Shares of
the Company.  Following the issue there will be 67,404,746 Ordinary Shares and
3,030,532 Warrants in issue.

Enquiries:
Charles Mearns
Aberdeen Asset Managers Limited
0131 313 1000




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