Replacement - Net Asset Value

RNS Number : 1491R

Standard Life UK Small.Co's Tst PLC

24 April 2009

AMENDMENT

Please note that this announcement replaces the one released earlier today at 12:52hrs (RNS No 1348R). The earlier announcement omitted the Ordinary shares (excluding and including income) information. Please see below the correct announcement.

STANDARD LIFE UK SMALLER COMPANIES TRUST PLC

Standard Life UK Smaller Companies Trust plc announces the following unaudited net asset values (NAVs) as at close of business on 23 April 2009. Unless otherwise disclosed, the NAVs have been calculated in accordance with the recommendations of the Association of Investment Companies. In particular: (1) financial assets have been valued on a fair value basis using bid prices, or, if more appropriate, a last trade basis; (2) debt is valued at par and, where materially different, debt is also separately valued at market value; and (3) diluted NAVs are disclosed where applicable (for this purpose, treasury shares are excluded for the purposes of calculation).