Transaction in Own Shares

ISIS Smaller Companies Trust PLC
11 August 2005


          
To:       RNS
From:     ISIS Smaller Companies Trust plc
Date:     11 August 2005

Purchase of Own Securities

On 09 August 2005 ISIS Smaller Companies Trust plc bought 940,000 of its own
Ordinary Shares of 50p for cancellation at a price of 276p each.  There are
18,198,260 shares in issue following this repurchase.

Gordon R Hay Smith
Company Secretary

Enquiries:        0131 465 1000


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