Net Asset Value(s)

Scottish Oriental Smlr Co Tst PLC
07 March 2007


THE SCOTTISH ORIENTAL SMALLER COMPANIES TRUST PLC
First State Investment Management (UK) Limited, the managers of The Scottish
Oriental Smaller Companies Trust PLC (Scottish Oriental), announce that the
unaudited Net Asset Value of Scottish Oriental Ordinary shares as at 28th
February 2007 was 302.55p. This figure does not include any income retention for
the year to-date.
The NAV calculated to include an estimate of income net of expenses retained for
the year to-date was 304.59p. This NAV is now given on a monthly basis to the
AIC.



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