Transaction in Own Shares

Standard Life UK Small.Co's Tst PLC
15 February 2008

STANDARD LIFE UK SMALLER COMPANIES TRUST PLC - SHARE BUY-BACK

On 15 February 2008, Standard Life UK Smaller Companies Trust PLC purchased
50,000 shares of its own 25p ordinary shares at 112.5 pence per share.  These
shares will be held in treasury.

Following the transaction, the Company's issued ordinary share capital is
32,331,760 (excluding treasury shares) and 32,596,760 (including treasury
shares) ordinary shares of 25p each.  The number of ordinary shares of 25p held
in treasury is 265,000.



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