Director/PDMR Shareholding

SCHEDULE 11

NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS

1) Name of company

Aberforth Smaller Companies Trust plc

2) Name of director

Professor W S Nimmo

3) Please state whether notification indicates that it is in respect of
holding of the shareholder named in 2 above or in respect of a non-beneficial
interest or in the case of an individual holder if it is a holding of that
person's spouse or children under the age of 18 or in respect of a
non-beneficial interest

Notification is in respect of the Director's spouse, Dr N Kellett.

4) Name of the registered holder(s) and, if more than one holder, the
number of shares held by each of them (if notified)

Not notified


5) Please state whether notification relates to a person(s) connected
with the Director named in 2 above and identify the connected person(s)

Refer to 3 above

6) Please state the nature of the transaction. For PEP transactions
please indicate whether general/single co PEP and if discretionary/non
discretionary

Purchase through a dividend reinvestment plan


7) Number of shares/amount of
stock acquired

3 September 2007 - 21 shares at 716p

28 August 2008 - 52 shares at 526p

27 February 2009 - 162 shares at 371p

26 February 2010 - 122 shares at 509p

8 April 2010 - 53 shares at 543p


8) Percentage of issued class

0.0004%

9) Number of shares/amount
of stock disposed

N/A

10) Percentage of issued class

N/A

11) Class of security

Ordinary Shares of 1p

12) Price per share


Refer to 7 above


13) Date of transaction

Refer to 7 above


14) Date company informed

7 February 2011


15) Total holding following this notification

26,066

16) Total percentage holding of issued class following this notification

0.027%

If a director has been granted options by the company please complete the
following boxes

17) Date of grant

N/A

18) Period during which or date on which exercisable

N/A

19) Total amount paid (if any) for grant of the option

N/A

20) Description of shares or debentures involved: class, number

N/A

21) Exercise price (if fixed at time of grant) or indication that price
is to be fixed at time of exercise

N/A

22) Total number of shares or debentures over which options held
following this notification

N/A

23) Any additional information

N/A


24) Name of contact and telephone number for queries

David Holland 0131 220 0733

25) Name and signature of authorised company official responsible for
making this notification

David Holland

Date of Notification: 7 February 2011