Holding(s) in Company

RNS Number : 0246X

Scottish Oriental Smlr Co Tst PLC

06 August 2009

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESⁱ

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ii		The Scottish Oriental Smaller Companies Trust Plc
2 Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights			X
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments
An event changing the breakdown of voting rights
Other (please specify):
3. Full name of person(s) subject to the notification obligation: iii	C.F.G. Heward Investment Management Ltd.
4. Full name of shareholder(s) (if different from 3.):iv	Please see schedule
5. Date of the transaction and date on which the threshold is crossed or reached: v	21st July 2009
6. Date on which issuer notified:	5th August 2009
7. Threshold(s) that is/are crossed or reached: vi, vii	In aggregate 10.9% however no single account surpasses the 3% threshold

8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type of
shares

if possible using
the ISIN CODE

Situation previous
to the triggering
transaction

Resulting situation after the triggering transaction

Number
of
Shares

Number
of
Voting
Rights

Number
of shares

Number of voting
rights

% of voting rights x

Direct

Direct xi

Indirect xii

Direct

Indirect

Ord 25p shares

GB0007836132

3,876,693

3,306,193

10.9%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial
instrument

Expiration
date xiii

Exercise/
Conversion Period xiv

Number of voting
rights that may be
acquired if the
instrument is
exercised/ converted.

% of voting
rights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financial
instrument

Exercise price

Expiration date xvii

Exercise/
Conversion period xviii

Number of voting rights instrument refers to

% of voting rights xix, xx

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

3,306,193

10.9%

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

Proxy Voting:

10. Name of the proxy holder:

C.F.G. Heward Investment Management Ltd.

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

159,000

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

21 July, 2009

13. Additional information:

Scottish Oriental Register
HSBC Global Custody Nominee (UK) Limited 883 031	320,000
Roy Nominees Limited 101558	243000
Royal Trust	145,500
RBC Dexia	1,447,975
Roy Nominees Limited 290253	300,000
TD Waterhouse Nominees (Europe) Limited Canada	849,718
Total	3,306,193