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
     Republic Life Common Fund (L) Limited

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
     HSBC Global Investor Services -    8,125,000
     JP Morgan Chase Nominees -         1,200,000

5)   Number of shares/amount of stock acquired
     Not disclosed

6)   Percentage of issued class
     Not disclosed

7)   Number of shares/amount of stock disposed,
     n/a

8)   Percentage of issued class
     n/a

9)   Class of security
     Ordinary 25p shares

10)  Date of transaction
     26 January 2005

11)  Date company informed
     3 February 2005

12)  Total holding following this notification
     9,325,000

13)  Total percentage holding of issued class following this notification
     13.8%
14)  Any additional information
     N/A

15)  Name of contact and telephone number for queries
     Stuart Reid - Company Secretary - + 44 131 313 1000

16)  Name and signature of authorised company official responsible for making
     this notification - Date of notification - 3 February 2005