Holding(s) in Company

RNS Number : 9104J

Scottish Oriental Smlr Co Tst PLC

10 December 2008

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

The Company has received a TR-1 containing the following information from CFG Heward Investment Management Ltd.

TR-1: NOTIFICATION OF MAJOR INTERESTS IN SHARES

1. Identity of the issuer or the underlying issuer of existing shares to which voting
rights are attached:

The Scottish Oriental Smaller Companies Trust plc

2. Reason for the notification (please place an X inside the appropriate bracket/s):

An acquisition or disposal of voting rights: (X )

An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached: ( )

An event changing the breakdown of voting rights: ( )

Other (please specify): ( )

3. Full name of person(s) subject to the notification obligation:

CFG Heward Investment Management Ltd.

4. Full name of shareholder(s) (if different from 3.) :

See schedule

5. Date of the transaction (and date on which the threshold is crossed or reached if
different):

2 December 2008

6. Date on which issuer notified:

9 December 2008

7. Threshold(s) that is/are crossed or reached:

In aggregate 12.8% however no single account surpasses the 3% threshold

8. Notified details:

A: Voting rights attached to shares

Class/type of shares if possible using the ISIN CODE

Situation previous to the Triggering transaction

The Scottish Oriental Smaller Companies Trust plc

ISN 0783613 Ord GBP0.25

Number of shares

4,739,800

Number of voting Rights

4,739,800

Resulting situation after the triggering transaction

Class/type of shares if possible using the ISIN CODE

Number of shares

Number of voting rights

% of voting rights

The Scottish Oriental Smaller Companies Trust plc

ISN 0783613 Ord GBP0.25

Direct
3,876,693

Direct
0

Indirect
3,876,693

Direct
0

Indirect
12.8%

B: Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument N/A	Expiration Date	Exercise/Conversion Period/ Date	Number of voting rights that may be acquired if the instrument is exercised/ converted.	% of voting rights

Total (A+B)

Number of voting rights	% of voting rights
3,876,693	12.8%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable :

Proxy Voting:

10. Name of the proxy holder: CFG Heward Investment Management Ltd.

……..

11. Number of voting rights proxy holder will cease to hold: 863,107

…………..

12. Date on which proxy holder will cease to hold voting rights: 5 December 2008

…………..

13. Additional information:

Schedule of Nominees for CFG Heward Investment Management Ltd.
HSBC Global Custody Nominee (UK) Limited 883 031	320,000
Nortrust Nominees Limited Canada	0
Roy Nominees Limited 101558	343000
Roy Nominees Limited 575002	1,999,693
Roy Nominees Limited 290253	300,000
TD Waterhouse Nominees (Europe) Limited Canada	914,000
Total	3,876,693