Change of Name

Ivory & Sime UK Smlr.Co's Trust PLC
22 June 2004


Ivory & Sime UK Smaller Companies Trust plc


To:          RNS

From:        Ivory & Sime UK Smaller Companies Trust plc

Date:        22 June 2004

Subject:     Change of Name


On 22 June 2004 the shareholders of the Company passed a special resolution to
change the name of the Company to ISIS Smaller Companies Trust plc. The
effective date for the name change is expected to be 23 June 2004.

Gordon R Hay Smith
Company Secretary

Enquiries:   0131 465 1000


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