Holding(s) in Company

Scottish Oriental Smlr Co Tst PLC
18 April 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: ( )



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): ( x ) Reporting of voting rights



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):

Initial filing



6. Date on which issuer notified:

16 April 2008



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

In aggregate 15.7% however no single account surpasses the 3% threshold



8. Notified details:



A: Voting rights attached to shares


Class/type of shares if possible              Situation previous to the Triggering transaction
using the ISIN CODE
                                  Number of shares                   Number of voting Rights
The Scottish Oriental Smaller
Companies Trust plc                                                  4,739,800
                                  4,739,800
ISN 0783613 Ord GBP0.25


Resulting situation after the triggering transaction


Class/type of shares if      Number of shares         Number of voting rights           % of voting rights
possible using the ISIN CODE
                             Direct                   Direct       Indirect             Direct      Indirect
The Scottish Oriental        4,739,800                0            4,739,800            0           15.7%
Smaller Companies Trust plc

ISN 0783613 Ord GBP0.25





B: Financial Instruments

Resulting situation after the triggering transaction


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




Total (A+B)
Number of voting rights        % of voting rights


4,739,800                      15.7%



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: N/A

..............



12. Date on which proxy holder will cease to hold voting rights: N/A

..............



13. Additional information:


     Schedule of Nominees for CFG Heward Investment Management Ltd.
            HSBC Global Custody Nominee (UK) Limited 883 031                  220,000
                    Nortrust Nominees Limited Canada                           50,000
                       Roy Nominees Limited 101558                             893000
                       Roy Nominees Limited 575002                            2266900
                       Roy Nominees Limited 290253                             275000
             TD Waterhouse Nominees (Europe) Limited Canada                   1034900
                                  Total                                     4,739,800



14. Contact name:

Gillian Davies



15. Contact telephone number:

[phone]


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