Holding(s) in Company

Scottish Oriental Smlr Co Tst PLC
02 November 2004



Notification of Disposal of Major Interests in Shares

1 Name of company:

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

2 Name of shareholders having disposed of a major interest:

Credit Suisse First Boston Equities Limited ('CSFBEq')

And

Credit Suisse First Boston (Europe) Limited ('CSFBEL')

Have both notified the Company that, following disposals, they no longer have a
notifiable interest in the ordinary  shares of the Company for the purposes of
section 198 of the Companies Act 1985 ('Act').

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:

The notification indicates that CSFBEq and CSFBEL are members of the Credit
Suisse First Boston group of companies and  that those group companies which are
direct or indirect holding companies of CSFB are, under the terms of section 203
of the Act, each interested by attribution in any shares in which Credit Suisse
First Boston is interested.

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

Credit Suisse First Boston Equities Limited - number of shares not disclosed
Credit Suisse First Boston (Europe) Limited) - number of shares not disclosed.

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:

Not disclosed.

8 Percentage of issued class:

Not disclosed.

9 Class of security:

Ordinary shares of 25p each in the capital of the Company.

10 Date of transaction:

26 October 2004

11 Date company informed:

28 October 2004

12 Total holding following this notification:

Not disclosed.

13 Total percentage holding of issued class following this notification:

Not disclosed.

14 Contact name for queries:

Adrian Smith of First State Investment Management (UK) Limited

15 Contact telephone number:

0131 473 2286

16 Name of company official responsible for making notification:

17 Date of notification:

2 November 2004


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