Holding(s) in Company

SCHEDULE 10

NOTIFICATION OF MAJOR INTERESTS IN SHARES

1) Name of company:
Edinburgh Small Companies Trust plc

2) Name of shareholder having a major interest
     Quilter & Co Ltd

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
 On behalf of 2 above and its subsidiary companies (as discretionary
investment managers)

4) Name of the registered holder(s) and, if more than one holder, the
number of shares held by each of them
     State Street Bank and Trust Company - 6,600,000 shares
     Morgan Stanley Quilter Nominees Limited - 138,900 shares
     Quilpep Nominees Limited - 12,500 shares
     MSS Nominees Ltd - 7,500 shares

5) Number of shares/amount of stock acquired
     not disclosed

6) Percentage of issued class
     not disclosed

7) Number of shares/amount of stock disposed,
     n/a

8) Percentage of issued class
     n/a

9) Class of security
     Ordinary 25p shares

10) Date of transaction
     8 January 2004

11) Date company informed
     12 January 2004

12) Total holding following this notification
     6,758,900

13) Total percentage holding of issued class following this notification
     10.03%
14) Any additional information
     The company and its subsidiary companies no longer have a
notifiable interest

15) Name of contact and telephone number for queries

16) Name and signature of authorised company official responsible for
making this notification

     Amanda Fraser
Date of notification 12 January 2004