Net Asset Value(s)

Scottish Oriental Smlr Co Tst PLC
07 December 2006


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 30th
November 2006 was 278.04p (assuming full conversion of all outstanding
warrants). This equates to an undiluted figure of 305.04p. Neither of these
figures include any income retention for the year to-date.
The fully-diluted and undiluted NAVs calculated to include an estimate of income
net of expenses retained for the year to-date were 283.36p and 311.16p
respectively. These latter NAVs are now given on a monthly basis to the AITC.



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