15.5.1 Model Code Exemption

Standard Life UK Small.Co's Tst PLC
03 January 2008

3/01/2008


STANDARD LIFE UK SMALLER COMPANIES TRUST PLC ('the Company')

Standard Life UK Smaller Companies Trust plc announces that it is satisfied, by
virtue of the points listed below, that all inside information which the
Directors and the Company may have in the period leading up to the Announcement
of the Interim Results, has been notified to a Regulated Information Service 
('RIS') and that the Company is thereby exempted from the provisions of the 
Model Code in relation to closed periods for any dealings by persons discharging
managerial responsibilities in the Company and any purchases by the Company of
its own securities.

In so stating the Company has regard to;

1)the announcement on the 3 January 2008 of the Net Asset Value per share as of
the close of business on the 2 January 2008,

2)the Company's belief, following reasonable enquiries, that there will be no
material difference between the information published on the 3 January 2008 and
that to be included in the forthcoming Announcement of the Interim Results,

3)the Company's practice of calculating Net Asset Values per share each business
day and the announcement of these Net Asset Values to an RIS,

4)there being no other unpublished information which constitutes price sensitive
information in respect of the Company's securities and

5)there being no unquoted investments within the Company's portfolio,


This announcement is issued pursuant to paragraph 15.5.1 of the FSA Listing
Rules as amended 28/09/2007.


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