Statement re Compliance with MAR

4 January 2018

STANDARD LIFE UK SMALLER COMPANIES TRUST PLC ("the Company")

Standard Life UK Smaller Companies Trust plc announces that it is satisfied, by virtue of the points listed below, that all inside information (as defined by Article 7 of the Market Abuse Regulation (596/2014/EU)) which the Directors and the Company may have in the period leading up to the announcement of the Half-Yearly Financial Report, has been notified to a Regulatory Information Service ("RIS").

In so stating, the Company has regard to:

1) the announcement on 4 January 2018 of the month end Net Asset Values per share as at close of business on 31 December 2017.

2) the announcement on 4 January 2018 of the daily Net Asset Values per share as at close of business on 3 January 2018.

3) the Company's belief, following reasonable enquiries, that there will be no material difference between the information published on 4 January 2018 and that to be included in the forthcoming announcement of the Half-Yearly Financial Report,

4) the Company's practice of calculating Net Asset Values per share each business day and the announcement of these Net Asset Values to an RIS,

5) there being no other unpublished information which constitutes price sensitive information in respect of the Company's securities, and

6) there being no unquoted investments within the Company's portfolio.