Debenture Stock Holders 2023

Edinburgh Small Companies Trust plc
28 November 2006

For immediate release
28 November 2006



EDINBURGH SMALL COMPANIES TRUST PLC (the 'Company')
7.75 per cent debenture stock 2023 (the 'Stock')



At a meeting of stockholders held on 18 September 2006, an Extraordinary
Resolution was passed giving the Company the right to redeem the Stock early,
pro rata to the proportion of ordinary shares bought back under the Company's
tender offer for its ordinary shares made shortly thereafter, at the price that
is the higher of par and that at which the gross redemption yield on the Stock
is equal to the gross redemption yield on the 8 per cent. Treasury Stock 2021
(at 11.00 a.m. two business days before the redemption date) plus 0.10%,
together with accrued interest.



On 9 November 2006 the Company announced that approximately 48.4% of its
ordinary shares had been tendered under the tender offer.



The Company now hereby gives notice of its exercise of the early redemption
right referred to above, and gives notice to stockholders that the stock will be
redeemed on 1 December 2006.  The redemption price will be set by reference to
the reference gilt yield at 11.00 a.m. on 29 November 2006, and will be
announced shortly thereafter.  48.4063% of each stockholders' holding (by
reference to the register at close of business today) will be redeemed at this
price, and the balance of each holding will remain outstanding.  CREST accounts
will be credited, and/or cheques will be posted, on 1 December 2006.



Further information:



Gordon Humphries, Standard Life Investments (Manager), 0131 245 2735



Nathan Brown/Jane Lewis, Winterflood Investment Trusts (financial adviser to the
Company), 020 7621 5572/5521



Francis Burkitt, JPMorgan Cazenove (adviser concerning the debenture stock), 
020 7155 4924








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