Net Asset Value(s)

Standard Life UK Small.Co's Tst PLC
22 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 21 February 2008 (excluding current
period revenue):

Undiluted                         136.22p
Diluted                           133.23p


END






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