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
     Republic Life Common Fund (L) 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
     On behalf of 2 above

4)   Name of the registered holder(s) and, if more than one holder, the number
     of shares held by each of them
     Republic Life Common Fund (L) Limited

5)   Number of shares/amount of stock acquired
     6,675,000

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
     1 December 2004

11)  Date company informed
     7 December 2004

12)  Total holding following this notification
     8,125,000

13)  Total percentage holding of issued class following this notification
     12.05%

14)  Any additional information
     N/A

15)  Name of contact and telephone number for queries
     Stuart Reid - Company Secretary - + 44 131 313 1000

16)  Name and signature of authorised company official responsible for making
     this notification - Date of notification - 7 December 2004