Top 10 Holdings

Scottish Oriental Smlr Co Tst PLC
27 February 2004


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 27 February 2004:

Top 10 Holdings:                          % of portfolio

Esprit Holdings                           2.87
Lung Kee Holdings                         2.15
Central Pattana                           2.11
MK Land Holdings                          1.97
Cipla                                     1.93
Shangri La Asia                           1.92
Nera Tele Comm                            1.87
Housing Dev                               1.87
Lotte Confectionery                       1.79
Four Seas Mercantile                      1.75

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