Holding(s) in Company

Scottish Oriental Smlr Co Tst PLC
03 November 2005

Notification of disposal of Major Interests in Shares

1 Name of company:

The Scottish Oriental Smaller Companies Trust PLC ('Company')

2 Name of shareholder having disposed of a major interest:

Following disposals, Credit Suisse First Boston (Europe) Limited ('CSFB') no
longer has a notifiable interest in the  issued share capital of the Company.

3 Please state whether the notification indicates that it is in respect of the
holding of the shareholder named in 2  above or in respect of a non-beneficial
interest or in the case of an individual holder if it is a holding of that 
person's spouse or children under the age of 18:

The notification des not give an indication of these matters.

4 Name of registered holder(s) and, if more than one holder, the number of
shares disposed of by each of them:

The registered holder in the notification is Credit Suisse First Boston (Europe)
Limited.  The notification does not  indicate the number of shares disposed of
(nor the number of shares retained by CSFB) but does indicate that CFSB no 
longer has a notifiable interest in the Company.

5 Number of shares/amount of stock acquired:

N/A

6 Percentage of issued class:

N/A

7 Number of shares/amount of stock disposed:

See the response to question 4 above.

8 Percentage of issued class:

See the response to question 4 above.

9 Class of security:

Ordinary shares of 25p each in the capital of the Company

10 Date of transaction:

31 October 2005

11 Date company informed:

2 November 2005

12 Total holding following this notification:

See the response to question 4 above.

13 Total percentage holding of issued class following this notification:

See the response to question 4 above.

14 Contact name for queries:

Adrian Smith of First State Investment Management (UK) Limited

15 Contact telephone number:

0131 473 2286

16 Name of company official responsible for making notification:

Adrian Smith

17 Date of notification:

3 November 2005



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