Top Ten Holdings

Scottish Oriental Smlr Co Tst PLC
01 December 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 30 November 2004:

Top 10 Holdings:                           % of portfolio

Shangri La Asia                            2.49
Housing Development (Demat)                2.32
Cipla                                      2.18
Esprit Holdings                            2.13
S1 Corporation                             2.09
Godrej Consumer                            1.94
Marico Industries                          1.92
Lotte Chilsung Bev                         1.85
Nong Shim Holdings                         1.82
SM Prime Holdings                          1.74

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