RNS Number:6255S
Scottish Oriental Smlr Co Tst PLC
28 November 2003


THE SCOTTISH ORIENTAL SMALLER COMPANIES TRUST PLC

First State Investment Management (UK) Limited, 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 27th
November 2003 was 166.6p (assuming full conversion of all outstanding warrants).
This equates to an undiluted figure of 179.01p. Neither of these figures include
any income retention for the year to-date. These figures do not include any
provision for capital gains tax on net unrealised gains on holdings of Indian
securities.






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