Holding(s) in Company

SCHEDULE 10

NOTIFICATION OF MAJOR INTERESTS IN SHARES

1) Name of company:
     Edinburgh Small Companies Trust plc

2) Name of shareholder having a major interest
     East Riding of Yorkshire Council

3) Please state whether notification indicates that it is in respect of
   holding of the shareholder named in 2 above or in respect of a
   non-beneficial interest or in the case of an individual holder if it is
   a holding of that person's spouse or children under the age of 18
     On behalf of 2 above

4) Name of the registered holder(s) and, if more than one holder, the
   number of shares held by each of them
     On behalf of 2 above

5) Number of shares/amount of stock acquired
     n/a
6) Percentage of issued class
     n/a

7) Number of shares/amount of stock disposed,
     1,500,000

8) Percentage of issued class
     2.22%

9) Class of security
     Ordinary 25p shares

10) Dates of transaction
     02.07.03 sold 1,000,000
     04.07.03 sold 500,000

11) Date company informed
     10.07.03

12) Total holding following this notification
     1,400,000

13) Total percentage holding of issued class following this notification
     2.08%

14) Any additional information
     None

15) Name of contact and telephone number for queries

16) Name and signature of authorised company official responsible for
    making this notification Amanda Fraser

Date of notification 10.07.03