Holding(s) in Company

Scottish Oriental Smlr Co Tst PLC
14 March 2005



                           SCHEDULE 10
 
             NOTIFICATION OF MAJOR INTERESTS IN SHARES


1)   NAME OF COMPANY

     THE SCOTTISH ORIENTAL SMALLER COMPANIES TRUST PLC ('COMPANY')

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

     THE COMPANY HAS BEEN NOTIFIED THAT LLOYDS TSB GROUP PLC ('LTSB') IS
     INTERESTED IN THOSE SHARES HELD BY THOSE PARTIES NAMED UNDER QUESTION
     4 BELOW.


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 COMPANY HAS BEEN NOTIFIED THAT LTSB'S INTEREST IN THE COMPANY'S SHARES
     IS THROUGH THOSE PARTIES NAMED UNDER QUESTION 4 BELOW.

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

     SCOTTISH WIDOWS INVESTMENT PARTNERSHIP - 3,600,000 SHARES (14.124%)
     LLOYDS TSB PRIVATE BANKING - 3,537 SHARES (0.014%)


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
     N/A

8)   Percentage of issued Class
     N/A

9)   Class of security

     ORDINARY SHARES OF 25P EACH IN THE CAPITAL OF THE COMPANY

10)  Date of transaction

     N/A

11)  Date company informed

     9 MARCH 2005

12)  Total holding following this notification

      LTSB IS NOW INTERESTED BY VIRTUE OF THOSE HOLDINGS SET OUT UNDER
      QUESTION 4 ABOVE IN A TOTAL OF 3,603,537 SHARES.

               
13)  Total percentage holding of issued class following this notification

      14.138%

14)  Any additional information

     ADRIAN SMITH OF FIRST STATE INVESTMENT MANAGEMENT (UK) LIMITED

15)  Name of contact and telephone number for queries

     0131 473 2286

16)  Name and signature of authorised company official responsible for 
     making this notification    
     
     ADRIAN SMITH


     Date of Notification ...14 MARCH 2005......






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