Holding(s) in Company

Scottish Oriental Smlr Co Tst PLC
29 April 2008


       The Scottish Oriental Smaller Companies Trust plc ('the Company')


A form TR-1 containing the following information has been received by the
Company.


TR-1: NOTIFICATION OF MAJOR INTERESTS IN SHARES


1. Identity of the issuer or the underlying issuer of existing shares to which
voting rights are attached:

The Scottish Oriental Smaller Companies Trust plc


2. Reason for the notification (please place an X inside the appropriate bracket
/s):


An acquisition or disposal of voting rights: ( x )


An acquisition or disposal of financial instruments which may result in the
acquisition of shares already issued to which voting rights are attached: ( )


An event changing the breakdown of voting rights: ( )


Other (please specify): ( )


3. Full name of person(s) subject to the notification obligation:

Overseas Asset Management (Cayman) Ltd.


4. Full name of shareholder(s) (if different from 3.):

Roy Nominees Ltd.


5. Date of the transaction (and date on which the threshold is crossed or
reached if different):

23rd April 2008


6. Date on which issuer notified:

28th April 2008


7. Threshold(s) that is/are crossed or reached:

5%


8. Notified details:


A: Voting rights attached to shares

Class/type of shares if possible using    Situation previous to the
the ISIN CODE                               Triggering transaction
                                        Number of    Number of voting
The Scottish Oriental Smaller Companies shares       Rights
Plc ISN 07836132 ORD £0.25
                                                     1,270,000
                                        1,270,000

Resulting situation after the triggering transaction

Class/type of shares Number of shares  Number of voting rights    % of voting rights
if possible using
the ISIN CODE
                     Direct            Direct     Indirect        Direct    Indirect
The Scottish         1,655,000         1,655,000                  5.5%
Oriental Smaller
Companies Plc ISN
07836132 ORD £0.25



B: Financial Instruments

Resulting situation after the triggering transaction

Type of     Expiration Date  Exercise/Conversion Number of voting     % of voting
financial                    Period/ Date        rights that may be   rights
instrument                                       acquired if the
                                                 instrument is
N/A                                              exercised/
                                                 converted.



Total (A+B)
Number of voting       % of voting
rights                 rights

1,655,000              5.5%


9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable :



Proxy Voting:


10. Name of the proxy holder: Roy Nominees Ltd.

........


11. Number of voting rights proxy holder will cease to hold: N/A

..............


12. Date on which proxy holder will cease to hold voting rights: N/A

..............


13. Additional information:

.................


14. Contact name:

Bridgette Roche


15. Contact telephone number:

[phone]



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