Holding(s) in Company

Scottish Oriental Smlr Co Tst PLC
15 December 2004



Notification of disposal of Major Interests in Shares

1 Name of company:

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

2 Name of shareholder having disposed of a major interest:

Following disposals, Fortis Global Nominees Limited no longer has a notifiable
interest in the issued share capital of  the Company.

3 Please state whether the notification indicates that it is in respect of the
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:

Fortis Global Nominees Limited provides safe custody on behalf of the beneficial
owners, in this case Fortis Bank  Global Clearing NV.

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

Fortis Global Nominees Limited - 1,350,000

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:

1,350,000

8 Percentage of issued class:

5.30%

9 Class of security:

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

10 Date of transaction:

10 December 2004

11 Date company informed:

15 December 2004

12 Total holding following this notification:

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

13 Total percentage holding of issued class following this notification:

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

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:

Adrian Smith

17 Date of notification:

15 December 2004



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