RNS Number:6308U
Scottish Oriental Smlr Co Tst PLC
26 January 2004


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 23rd
January 2004 was 171.23p (assuming full conversion of all outstanding warrants).
This equates to an undiluted figure of 184.5p. 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.






                      This information is provided by RNS
            The company news service from the London Stock Exchange

END
NAVLQLFLZFBEBBQ