Purchase of Own Securities

Ivory & Sime UK Smlr.Co's Trust PLC 13 December 1999 The Board of Ivory & Sime UK Smaller Companies Trust plc announces that it today purchased for cancellation 90,000 of its warrants in the Company at a price of 150.5p each. Following this purchase there are 892,445 warrants outstanding. Contact: Stephen Grant/ Keith Hannay Friends Ivory & Sime plc, Managers 0131 465 1000
UK 100

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