Tender Offer and EGM Result

Edinburgh Small Companies Trust plc
09 November 2006



Edinburgh Small Companies Trust plc

Result of Meetings and Tender Offer


Further to the announcement made on 12 October 2006, the Board of Edinburgh
Small Companies Trust plc (the 'Company') announces that applications under the
Tender Offer were made in respect of 32,629,217 Shares, representing 48.4 per
cent. of the Company's Shares in issue.


Accordingly, the Tender Offer has not been oversubscribed, and, following
Shareholder approval at the meeting held earlier today, will proceed, with all
applications being satisfied in full.  There will also be an early repayment of
the Debenture Stock, pro rata to the proportion of issued Shares purchased under
the Tender Offer. The Default Scheme will not be implemented.


In relation to the Warrant Offer, applications were made in respect of 117,791
Warrants, representing 3.88 per cent. of the Warrants in issue.  The meeting of
Warrantholders convened to take place today to amend the Deed Poll, so as to
provide for the Warrant Offer, was inquorate and was adjourned until 11.05 a.m.
on 27 November 2006.


The Tender Offer will be satisfied by the realised value of that proportion of
the Company's net assets that matches the proportion of the Shares tendered
under the Tender Offer.


The Tender Price will be determined once the Company's assets have been
allocated between the Continuing Pool and the Tender Pool (on the basis of valid
Tender Forms received) and the assets in the Tender Pool have been realised.
The valuation of the Company's assets to be allocated to the Tender Pool will
take place as at the close of business on the Tender Offer Calculation Date, 9
November 2006.



The Tender Price will be calculated and announced once the assets in the Tender
Pool have been realised.  It is expected that this will be no later than 22
December 2006.  Settlement of the Tender Offer and Warrant Offer consideration
will occur on or around the same date.



The Directors believe that the Company has benefited from the excellent
performance of Standard Life Investments (Corporate Funds) Limited as investment
manager over the last three years and the Board is pleased that the Company will
continue in existence given the Manager's positive outlook for the UK smaller
companies sector.



Following the completion of the Tender Offer, the Company will have 34,777,790
Shares in issue.



Enquiries



Gordon Humphries
Standard Life Investments
0131 245 2735



Nathan Brown / Jane Lewis
Winterflood Investment Trusts
020 7621 5572 / 020 7621 5521



Capitalised terms shall bear the meanings given to them in the Company's
Circular dated 11 October 2006 unless the context otherwise requires.






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