Top 10 Holdings

Scottish Oriental Smlr Co Tst PLC
02 June 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 31 May 2004:

Top 10 Holdings:                    % of portfolio

Esprit Holdings                     2.41
Shangri La Asia                     2.18
Amorepacific Corp                   2.10
Cipla                               2.06
Central Pattana                     2.03
Lung Kee Holdings                   2.02
Godrej Consumer                     1.93
Lotte Confectionery                 1.93
Four Seas Mercantile                1.91
Housing Dev                         1.88

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
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