Director/PDMR Shareholding

Scottish Oriental Smlr Co Tst PLC
02 February 2006


The Scottish Oriental Smaller Companies Trust plc (the 'Company')

2nd February 2006

Directors' Shareholdings

SCHEDULE 11

HEADLINE: NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS

1) Name of company

The Scottish oriental smaller companies trust plc

2) Name of director

SIR NATHANIEL WILLIAM HAMISH MACLEOD

3) Please state whether notification indicates that it is in respect of holding of the shareholder named in 2 above or 
in respect of a non-beneficial interest or in the case of an individual holder if it is a holding of that person's 
spouse or children under the age of 18 or in respect of a non-beneficial interest

NOTIFICATION IS IN RESPECT OF THE DIRECTOR NAMED IN 2 ABOVE

4) Name of the registered holder(s) and, if more than one holder, the number of shares held by each of them (if 
notified)

SIR NATHANIEL WILLIAM HAMISH MACLEOD

5) Please state whether notification relates to a person(s) connected with the Director named in 2 above and identify 
the connected person(s)

N/A

6) Please state the nature of the transaction. For PEP transactions please indicate whether general/single co PEP and 
if discretionary/non discretionary

Shares allotted following the exercise of 9,000 warrants in The Scottish Oriental Smaller Companies Trust plc on 31st 
January 2006

7) Number of shares/amount of stock acquired

9,000

8) Percentage of issued class (assuming the offers are fully subscribed)

0.034%

9) Number of shares/amount of stock disposed

NONE

10) Percentage of issued class

N/A

11) Class of security

Ordinary Shares of 25p each

12) Price per share

Subscription price of 100p per share

13) Date of transaction

2nd February 2006

14) Date company informed

2nd February 2006

15) Total holding following this notification

10,000

16) Total percentage holding of issued class following this notification (assuming the offers are fully subscribed)

0.038%

If a director has been granted options by the company please complete the
following boxes

17) Date of grant

N/A

18) Period during which or date on which exercisable

N/A

19) Total amount paid (if any) for grant of the option

N/A

20) Description of shares or debentures involved: class, number

N/A

21) Exercise price (if fixed at time of grant) or indication that price is to be fixed at time of exercise

N/A

22) Total number of shares or debentures over which options held following this notification

N/A

23) Any additional information

24) Name of contact and telephone number for queries

Adrian Smith

0131 473 2200

25) Name and signature of authorised company official responsible for making this notification

Adrian Smith

For First State Investment Management (UK) Limited

Date of Notification

2nd February 2006

END

                      This information is provided by RNS
            The company news service from the London Stock Exchange