Title: 242079025.pdf URL Source: https://documentscdn.financialexpress.net/Literature/DDC731C9EEFB0C638A8DC78B3F896C6F/242079025.pdf Number of Pages: 4 Markdown Content: Fact Sheet | April 2026 1 ## Investment Objective To achieve long -term capital growth by investing mainly in smaller Asian quoted companies with market capitalisations under US$5,000m , or the equivalent thereof, at the time of investment. For investment purposes, the investment region includes Australasia, China, Hong Kong, India, Indonesia, Japan, Malaysia, Pakistan, Philippines, Singapore, South Korea, Sri Lanka, Taiwan, Thailand and Vietnam. Countries in other parts of Asia may be considered with approval of the Board. ## Investment Review Silergy rose after reporting better -than -expected earnings results due to strong sales growth momentum and improving client demand. Given the tighter supply -demand environment, Silergy is likely to raise prices and gain share from competitors struggling with capa city constraints. ASMPT rose after the company reported higher -than -expected orders, improved margins and higher net profits. There is growing demand for its products and solutions, as several of its products are benefitting from AI tailwinds. On the negative side, Unilever Indonesia declined on concerns about margin pressure, as the Middle East conflict is causing higher prices for packaging, freight and palm oil. While earnings have been resilient so far, these higher costs are expected to hit the bottom line in the coming periods. Century Pacific also declined, despite resilient earnings results, on concerns about slower growth momentum and higher input and logistics costs. Across the Asia region, markets staged a strong recovery in April following the ceasefire in the Middle East. Against this backdrop, the portfolio’s holdings in India added to performance, while the Philippines detracted. ## Top 10 holdings Stock name % of net assets Hansol Chemi cal 5.2 Atour Lifestyle 4.1 Century Pacific Food 3.8 Mobile World Investment 3.8 Selamat Sempurna 3.8 Airtac International 3.7 Silergy 3.6 Philippine Seven 3.3 DPC Dash 3.2 KEI Industries 3.1 Total 37.6 ## Fund Information 1 A tiered management fee of 0.65% is charged on the lower of Net assets / Market capitalisation above £250m. FSSA Investment Managers is a trading name of First Sentier Investors (UK) IM Limited, First Sentier Investors International IM Limited and First Sentier Investors (UK) Funds Limited. Note: Numbers may not sum due to rounding. > + Calculated at the financial year end, including management fees and all other operating expenses but excluding transaction, and certain other, costs. Please refer to the Key Information Document for full costs and charges information. * On 24 March 2021, the Trust issued £30 million of long -term, fixed rate, senior, unsecured privately placed notes providing the Trust with long -term financing. The notes have a fixed coupon of 2.75% and are to be repaid on 24 March 2041. Fund Launch Date 29-Mar-95 NAV per share (p) 296.8 Share price (p) 269.0 Discount (%) 9.4% Shares in issue 112,235,482 Net assets (£m) 333.2 Market capitalisation £m 301.9 Debt (£m)* 30 SEDOL BRBL657 ISIN GB00BRBL6574 Bloomberg Ticker SST.LN Annual Management Fee 1 0.70% Ongoing Charges⁺ 0.99% Dividends A final dividend of 2.9p per share for the year ended 31 August 2025 (2024: 2.8p) and a special dividend of 0.5p per share (2024: 1.6p) was paid on 6 February 2026 to shareholders recorded on the Company’s shareholder register on 9 January 2026 . Directors Jeremy Whitley (Chairman), Andrew Baird, Michelle Paisley, Karen Roydon . Investment Manager Sree Agarwal is the lead manager of the Scottish Oriental Smaller Companies investment trust, and Portfolio Manager to a number of FSSA Investment Managers funds. Based in Singapore, Sree joined FSSA in 20 14 and has more than 10 years of investment management experience. # The Scottish Oriental Smaller Companies Trust # plc # Client Update ## 30 April 202 6Fact Sheet | April 2026 2 # Annual Performance Time Period 1 yr to April 26 1 yr to April 25 1 yr to April 24 1 yr to April 23 1 yr to April 22 NAV %* -8.0 3.0 18.1 8.7 10.1 Small Cap Index** % 38.9 -7.8 20.8 -5.8 2.6 Share price % -5.4 9.0 12.4 5.8 17.1 > *Total return. ** MSCI AC Asia (ex Japan) Small Cap Index # Cumulative Performance Time Period 3 months 6 months 1 year 3 years 5 years 10 years NAV %* -1.7 -9.7 -8.0 11.9 34.0 86.7 Small Cap Index** % 7.0 8.0 38.9 54.7 49.6 168.5 Share price % -1.5 -6.7 -5.4 15.9 43.6 100.0 > *Total return. ** MSCI AC Asia (ex Japan) Small Cap Index These figures refer to the past. Past performance is not a reliable indicator of future results. All performance data is as at 30 April 202 6. The performance comparative index shown is the MSCI AC Asia (ex Japan) Small Cap Index, on an income reinvested gross of tax basis. Sources: i) Trust Manager for Trust performance; ii) Lipper for index performance. # Sector Weightings Sector name % of total assets Industrials 26.9 Information Technology 18.9 Financials 16.7 Consumer Staples 15.7 Consumer Discretionary 12.6 Healthcare 6.6 Materials 4.0 Real Estate 2.5 Logistics 2.1 Utilities 0.0 Communication Services 0.0 Energy 0.0 Gearing -9.0 Cash 3.1 # Country Weightings Country Trust (%) Small cap index ( %) China 11.9 11.8 Hong Kong 6.3 4.3 Taiwan 15.2 27.4 33.4 43.4 Australia 0.7 0.0 Bangladesh 0.0 0.0 India 30.8 23.0 Indonesia 10.8 2.3 New Zealand 2.1 0.0 Malaysia 0.0 3.3 Pakistan 0.0 0.0 Philippines 10.1 0.9 Singapore 4.7 5.4 Sri Lanka 0.0 0.0 South Korea 7.4 19.0 Thailand 0.0 2.6 Vietnam 5.9 0.0 Gearing -9.0 0.0 Cash 3.1 0.0 Total 100.0 100.0 Fact Sheet | April 2026 3 # Cumulative Performance Chart > Note: Figures shown indicate cumulative percentage return since 28 March 1995 .Asia Index show nto May 202 5. Small Cap Index shown from June 2025. # What are the risks? Investing includes certain risks including: • The value of investments and any income from them may go down as well as up and are not guaranteed. Investors may get back significantly less than the original amount invested. • Emerging Markets : May not provide the same level of investor protection as a developed market; they may involve a higher risk than investing in developed markets. • Currency : The Trust invests in assets which are denominated in other currencies; changes in exchange rates will affect the value of the Trust. • Smaller Companies: The Trust typically invests in smaller company shares which can be more unpredictable and more difficult to sell than those of larger company shares. • Leverage: The Trust may be leveraged due to: i) borrowings; or ii) the use of derivatives to hedge currency exposure. The amount of leverage employed is disclosed on the Trust’s website from time to time. Higher leverage increases the potential risk of loss. • Investment trust share prices may not fully reflect NAV. †For an overview of the terms of investment, risks, returns and costs and charges please refer to the Key Information Document and the Trust’s Investor Disclosure Statement. If you are in any doubt as to the suitability of the Trust for your investment nee ds , please seek investment advice. > 0 > 500 > 1000 > 1500 > 2000 > 2500 > 3000 > Mar 95 > Mar 96 > Mar 97 > Mar 98 > Mar 99 > Mar 00 > Mar 01 > Mar 02 > Mar 03 > Mar 04 > Mar 05 > Mar 06 > Mar 07 > Mar 08 > Mar 09 > Mar 10 > Mar 11 > Mar 12 > Mar 13 > Mar 14 > Mar 15 > Mar 16 > Mar 17 > Mar 18 > Mar 19 > Mar 20 > Mar 21 > Mar 22 > Mar 23 > Mar 24 > Mar 25 > Mar 26 > Mar 27 > NAV Total Return Share Price Total Return Small Cap Index from June 2025 > 2015.2 > 2032.4 > 437.6 Fact Sheet | April 2026 4 # How to contact us Client Services team: 0131 538 6610 | E-mail: ScottishOriental@fssaim.com | Website: www.scottishoriental.com Important Information This factsheet is a financial promotion and can be used for retail clients in the UK. Distribution is limited to Professional Clients in all other countries where lawful. This document has been prepared for informational purposes only and is only intended to provide a summary of the subject matt er covered and does not purport to be comprehensive. The views expressed are the views of the writer at the time of issue and may c hange over time. It does not constitute investment advice and/or a recommendation and should not be used as the basis of any investment decision. This document is not an offer document and d oes not constitute an offer or invitation or investment recommenda tion to distribute or purchase securities, shares, units or other interests or to enter into an investment agreement. No pers on should rely on the content and/or act on the basis of any material contained in this document. Net Asset Value (NAV) performance is not the same as share price performance and shareholders may realise returns that are lo wer or higher than NAV performance. This document is confidential and must not be copied, reproduced, circulated or transmitted, in whole or in part, and in any form or by any means without our prior written consent. The information contained within this document has been obtained from sourc es that we believe to be reliable and accurate at the time of issue but no representation or warranty, express or implied, is made as to the fairness, accuracy, or completeness of the informati on. We do not accept any liability whatsoever for any loss aris ing directly or indirectly from any use of this information. References to "we" or "us" are references to First Sentier Group. In the UK, issued by First Sentier Investors (UK) Funds Limited which is authorised and regulated by the Financial Conduct Au thority (registration number 143359). Registered office Finsbury Circus House, 15 Finsbury Circus, London, EC2M 7EB number 2294743. Scottish Oriental Smaller Companies Trust plc ("Company") is an investment trust, incorporated in Scotland with registered nu mber SC0156108, whose shares have been admitted to the Official List of the London Stock Exchange plc. The Company is an alternativ e investment fund and has appointed First Sentier Investors (UK) Funds Limited as the alternative investment fund manager for the Company. Further information is available from Client Servic es, First Sentier Group, Finsbury Circus House, 15 Finsbury Circus , London, EC2M 7EB or by telephoning 0800 587 4141 between 9am and 5pm Monday to Friday or by visiting www.scottishoriental.c om. Telephone calls with First Sentier Group may be recorded. First Sentier Group entities referred to in this document are part of First Sentier Group, a member of MUFG, a global financi al group. First Sentier Group includes a number of entities in different jurisdictions. MUFG and its subsidiaries do not guarantee the performance of any investment or entity referred to in this document or the repayment of capital. Any investments referred to are not deposits or other liabilities of MUFG or its subsidiaries, a nd are subject to investment risk including loss of income and capital invested. © First Sentier Group All rights reserved.