Net Asset Value(s)

Standard Life UK Small.Co's Tst PLC
07 April 2008


STANDARD LIFE UK SMALLER COMPANIES TRUST PLC

The following unaudited month end net asset value (with investments at bid
market value) of the Ordinary Shares of Standard Life UK Smaller Companies Trust
plc are announced as at close of business on 31 March 2008 (excluding current
period revenue).

Ordinary shares (p):            132.40p

Ordinary shares (diluted) (p):  129.72p

Actual gearing (%):             106.1%
END




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