Holding(s) in Company

Scottish Oriental Smlr Co Tst PLC
11 August 2005



Notification of acquisition 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 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:

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

Scottish Widows Investment Partnership - 3,350,000 shares (13.143%)
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:

11 August 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 3,353,537 shares.

13 Total percentage holding of issued class following this notification:

13.157%

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:

11 August 2005



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