Holding(s) in Company

TR-1:NOTIFICATION OF MAJOR INTEREST IN SHARES

1. Identity of the issuer or the underlying issuerof existing shares to which voting rights areattached: ii

Standard Life UK Smaller Companies Trust PLC

2. Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments

An event changing the breakdown of voting rights

P

Other (please specify):

Change in the number of shares in issue.

3. Full name of person(s) subject to thenotification obligation: iii

RATHBONE BROTHERS PLC

4. Full name of shareholder(s)  (if different from 3.):iv

RATHBONE BROTHERS PLC

Rathbone Investment Management Limited

Rathbone Investment Management International Limited

5. Date of the transaction and date onwhich the threshold is crossed orreached: v

27th October 2014

6. Date on which issuer notified:

27th October 2014

7. Threshold(s) that is/are crossed orreached: vi, vii

5%

8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type ofshares

if possible usingthe ISIN CODE

Situation previousto the triggeringtransaction

Resulting situation after the triggering transaction

NumberofShares

NumberofVotingRights

Numberof shares

Number of votingrights

% of voting rights x

Direct

Direct xi

Indirect xii

Direct

Indirect

25p Ordinary Shares

N/A

N/A

N/A

N/A

1,541,630

N/A

2.15%

GB0002959582

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financialinstrument

Expirationdate xiii

Exercise/Conversion Period xiv

Number of votingrights that may beacquired if theinstrument isexercised/ converted.

% of votingrights

3.5% Con Unsecured Loan Stock 31/03/18

31/03/18

N/A

2,198,087

3.07%

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financialinstrument

Exercise price

Expiration date xvii

Exercise/Conversion period xviii

Number of voting rights instrument refers to

% of voting rights xix, xx

N/A

N/A

N/A

N/A

N/A

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

3,739,717

5.22%

9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: xxi

RATHBONE BROTHERS PLC*

Rathbone Investment Management Limited 5.21997 %

Rathbone Investment Management International Ltd 0.00265 %

* Rathbone Brothers Plc is the holding company of the following.

Proxy Voting:

10. Name of the proxy holder:

N/A

11. Number of voting rights proxy holder will ceaseto hold:

N/A

12. Date on which proxy holder will cease to holdvoting rights:

N/A

13. Additional information:

Total shares in issue used as a denominator is: 71,606,117

14. Contact name:

Marie Ross

Maven Capital Partners UK LLP

Company Secretaries

15. Contact telephone number:

0141 306 7400