Holding in Company

Scottish Oriental Smlr Co Tst PLC
21 December 2000

Schedule 10 - Notification of Major Interests in Shares

1 Name of company:

The Scottish Oriental Smaller Companies Trust PLC

2 Name of shareholder having a major interest:

Stewart Ivory & Company Limited

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:

Aggregate holding of all discretionary clients of Stewart Ivory & Company
Limited

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

RBSTB Nominees A/C SAINTS 10,000,000 and RBSTB Nominees Limited (various
designations) 717,500.

5 Number of shares/amount of stock acquired:



6 Percentage of issued class:



7 Number of shares/amount of stock disposed:



8 Percentage of issued class:



9 Class of security:

Ordinary shares of 25p

10 Date of transaction:



11 Date company informed:

21st December 2000

12 Total holding following this notification:

10,717,500

13 Total percentage holding of issued class following this notification:

42.09

14 Contact name for queries:

Shona Darling of Colonial First State Investments (UK)

15 Contact telephone number:

0131 473 2228

16 Name of company official responsible for making notification:

As above.

17 Date of notification:

21st December 2000