Notifiable Interest

Scottish Oriental Smlr Co Tst PLC
20 March 2007


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

                              Notifiable Interest


A form TR-1 containing the following information has been received by the
Company.


TR-1: NOTIFICATION OF MAJOR INTERESTS IN SHARES


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

The Scottish Oriental Smaller Companies Trust plc


2. Reason for the notification (please place an X inside the appropriate 
bracket/s):

An acquisition or disposal of voting rights: ( )

An acquisition or disposal of financial instruments which may result in the
acquisition of shares already issued to which voting rights are attached: ( )

An event changing the breakdown of voting rights: ( )

Other (please specify) : Initial Disclosure ( X)


3. Full name of person(s) subject to the notification obligation:

Lloyds TSB Group plc


4. Full name of shareholder(s) (if different from 3.) :

N/A


5. Date of the transaction (and date on which the threshold is crossed or
reached if different):

N/A


6. Date on which issuer notified:

20th March 2007


7. Threshold(s) that is/are crossed or reached:

N/A


8. Notified details:

N/A


A: Voting rights attached to shares

Class/type of shares if possible using     Situation previous to the Triggering
the ISIN CODE                                          transaction
                                          Number of       Number of voting
                                          shares          Rights

0783613                                   N/A             N/A

Resulting situation after the triggering transaction
Class/type of shares if     Number of    Number of voting      % of voting
possible using the ISIN     shares       rights                rights
CODE
                            Direct       Direct       Indirect Direct   Indirect

0783613                    2,750,000    2,750,000      943    9.102    0.003


B: Financial Instruments

Resulting situation after the triggering transaction

Type of     Expiration Exercise/     Number of voting rights that may   % of
financial   Date       Conversion    be acquired if the instrument is   voting
instrument             Period/ Date  exercised/ converted.              rights





Total (A+B)
Number of voting rights                      % of voting rights

2,750,943                                       9.105%


9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable :

N/A


Proxy Voting:


10. Name of the proxy holder:

N/A


11. Number of voting rights proxy holder will cease to hold:

N/A


12. Date on which proxy holder will cease to hold voting rights:

N/A


13. Additional information:

N/A


14. Contact name:

Gillian Davies / Bridgette Roche


15. Contact telephone number:

0131 473 2200



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