Notifiable Holding

Aberdeen Asian Smaller Co's Inv Tst
2 January 2002


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 Pacific Growth Fund

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:
100,000

6   Percentage of issued class:
0.37%

7   Number of shares/amount of stock disposed:


8   Percentage of issued class:


9   Class of security:
Ordinary 25p shares

10  Date of transaction:
28 December 2001

11  Date company informed:
2 January 2002

12  Total holding following this notification:
300,000

13  Total percentage holding of issued class following this notification:
1.12%

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:
2 January 2002


Additional Information:
Following the above transaction, clients of Exeter Asset Management Limited
are interested in 1,200,000 Ordinary 25p shares, representing 4.49% of the
issued class of capital.  The breakdown is as follows:

Exeter Smaller Companies Income        300,000    1.12%
Exeter Managed Growth Fund             600,000    2.25%
Exeter Pacific Growth Fund             300,000    1.12%

Total                                1,200,000    4.49%