Notifiable Holding

Aberdeen Asian Smaller Co's Inv Tst
1 August 2001


Schedule 10 - Notification of Major Interests in Shares

1   Name of company:
ABERDEEN ASIAN SMALLER COMPANIES INVESTMENT TRUST PLC

2   Name of shareholder having a major interest:
Exeter Asset Management Limited

3   Please state whether notification indicates that it is in respect of
holding of the shareholder named in 2 above or in respect of a non-beneficial
interest or in the case of an individual holder if it is a holding of that
person's spouse or children under the age of 18:


4   Name of registered holder(s) and, if more than one holder, the number of
shares held by each of them:


5   Number of shares/amount of stock acquired:


6   Percentage of issued class:


7   Number of shares/amount of stock disposed:
200,000

8   Percentage of issued class:
0.75%

9   Class of security:
Ordinary 25p shares

10  Date of transaction:
31 July 2001

11  Date company informed:
1 August 2001

12  Total holding following this notification:
1,100,000

13  Total percentage holding of issued class following this notification:
4.11%

14  Contact name for queries:
Ruth Humphrey

15 Contact telephone number:
020 7463 6305

16  Name of company official responsible for making notification:
Aberdeen Asset Management PLC - Secretaries

17  Date of notification:
1 August 2001


Additional Information:
Following the above transaction, the breakdown is as follows:

Exeter Smaller Companies Income       300,000      1.12%
Exeter Managed Growth Fund            600,000      2.24%
Exeter Pacific Growth Fund            200,000      0.75%

Total                               1,100,000      4.11%