Top 10 Holdings

Scottish Oriental Smlr Co Tst PLC
01 March 2005


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 28 February 2005:

Top 10 Holdings: % of portfolio

Esprit Holdings                        2.42
S1 Corporation                         2.28
Sembcorp Marine                        2.15
Shangri La Asia                        2.13
Nong Shim Holdings                     2.01
TK Corp                                1.92
Cipla                                  1.83
SM Prime Holdings                      1.79
Interflex                              1.63
Lalin Property F/R                     1.59

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