Top 10 Holdings

Scottish Oriental Smlr Co Tst PLC
01 September 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 August 2004:


Top 10 Holdings:                                    % of portfolio

Amorepacific Corp                                             2.29
Lung Kee Holdings                                             2.26
Esprit Holdings                                               2.09
Lotte Confectionary                                           2.06
Shangri La Asia                                               2.04
Cipla                                                         2.02
Godrej Consumer                                               1.98
Four Seas Mercantile                                          1.88
S1 Corporation                                                1.86
Central Pattana F/R                                           1.85


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