Major Share Interests

Scottish Oriental Smlr Co Tst PLC
07 February 2007



TR-1(i): NOTIFICATION OF MAJOR INTERESTS IN SHARES


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

The Scottish Oriental Smaller Companies Trust plc
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2. Reason for the notification (please tick the appropriate box or boxes):
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An acquisition or disposal of voting rights                                   
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An acquisition or disposal of financial instruments which may result in       
the acquisition of shares already issued to which voting rights are        -------
attached
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An event changing the breakdown of voting rights                              
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Other (please specify): - Yes                                                X
Change in issued share capital
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3. Full name of person(s) subject to the notification obligation(1):
Lloyds TSB Group plc
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4. Full name of shareholder(s) (if different from 3.)(1):
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5. Date of the transaction and date on which the threshold is crossed or
reached(1):
06 February 2007
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6. Date on which issuer notified:
07 February 2007
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7. Threshold(s) that is/are crossed or reached:
Dropped below 10%
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8. Notified details:

A: Voting rights attached to shares
Class/   Situation previous to the Resulting situation after the triggering transaction
type of  Triggering transaction    (1)
shares   (1)
if
possible Number of    Number of    Number of    Number of voting      % of voting
using    Shares       Voting       shares       rights ix             rights
the ISIN              Rights viii  Direct       Direct x     Indirect Direct   Indirect
CODE                                                         xi
ORD
GBP0.25   2,750,943    2,750,943    2,750,000    2,750,000      943    9.102    0.003
0783613

B: Financial Instruments
Resulting situation after the triggering transaction xii
Type of     Expiration Exercise/       Number of voting rights that may  % of
financial   date xiii  Conversion      be acquired if the instrument is  voting
instrument             Period/ Date    exercised/ converted.             rights
                       xiv


Total (A+B)
Number of voting rights  2,750,493        % of voting rights 9.105
                                                                
9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable xv:


Proxy Voting:
10. Name of the proxy holder:
11. Number of voting rights proxy holder will cease to hold:
12. Date on which proxy holder will cease to hold voting rights:

13. Additional information:
14. Contact name:                                     Gillian Davies
15. Contact telephone number:                         0131 473 2200






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