Top 10 Holdings

Scottish Oriental Smlr Co Tst PLC
02 December 2003


THE SCOTTISH ORIENTAL SMALLER COMPANIES TRUST PLC

First State Investment Management (UK) Limited, managers of The Scottish
Oriental Smaller Companies Trust PLC ('the Company') announce the following
information as at 30 November 2003:


Top 10 Holdings:                     % of portfolio

Esprit Holdings                           2.62
Central Pattana Pub                       2.32
Cipla                                     2.15
Shangri La Asia                           2.04
Kook Soon Dang Brewery                    1.99
Lung Kee Holdings                         1.98
Zhejiang Expressway                       1.95
Fours Seasons Mercantile Holdings         1.87
Vitasoy International Holdings            1.84
Lotte Confectionery                       1.83

There are no holdings with a value greater than 5% of the Company's portfolio.

There are no holdings in other UK listed investment companies.




                      This information is provided by RNS
            The company news service from the London Stock Exchange