Directorate Change

Aberforth Smaller Companies Trust plc

Board Changes

The Board of Aberforth Smaller Companies Trust plc confirm that, as reported in
the Chairman's Statement dated 28 January 2014, Professor Walter Nimmo retired
from the Board as a Director of the Company on conclusion of the Annual General
Meeting held yesterday, 27 February 2014.

28 February 2014


Contact for enquiries:-

David Holland, Aberforth Partners LLP, Secretaries
Telephone: [phone]