Notifiable Holding

Aberdeen Asian Smaller Co's Inv Tst
5 April 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 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:
200,000

6   Percentage of issued class:
0.75%

7   Number of shares/amount of stock disposed:


8   Percentage of issued class:


9   Class of security:
Ordinary 25p shares

10  Date of transaction:
4 April 2002

11  Date company informed:
5 April 2002

12  Total holding following this notification:
1,750,000

13  Total percentage holding of issued class following this notification:
6.54%

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:
5 April 2002





Additional Information:


Following the above transaction, the breakdown is as follows:

Exeter Smaller Companies Income Fund     300,000     1.12%
Exeter Managed Growth Fund               700,000     2.62%
Exeter Pacific Growth Fund               750,000     2.80%

Total                                  1,750,000     6.54%





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