Net Asset Value(s)

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


STANDARD LIFE UK SMALLER COMPANIES TRUST PLC

Edinburgh Fund Managers plc, Secretaries, announce the following unaudited month
end net asset values (excluding current period revenue)of Standard Life UK
Smaller Companies Trust plc as at close of business on 31 December 2007.

Ordinary shares (p):            135.12p

Ordinary shares (diluted) (p):  132.24p

Actual gearing (%):             107.4%

END

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