Net Asset Value(s)

Standard Life UK Small.Co's Tst PLC
21 February 2008

STANDARD LIFE UK SMALLER COMPANIES TRUST PLC


The following unaudited daily net asset values (with investments at bid market
values) of the Ordinary Shares of Standard Life UK Smaller Companies Trust plc
are announced as at close of business on 20 February 2008 (excluding current
period revenue):



Undiluted       134.46p

Diluted         131.62p



END






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