Result of AGM

Aberforth Smaller Companies Trust plc

ANNUAL GENERAL MEETING HELD ON 27 FEBRUARY 2014

The Board of Aberforth Smaller Companies Trust plc ("ASCoT") hereby report that
all the resolutions proposed at the Annual General Meeting held on 27 February
2014 were passed by Shareholders on a show of hands. A total of 47.6m proxy
votes were received, representing 49.9% of the 95,382,792 Ordinary Shares in
issue.

The table below shows the result of the proxy voting:

Resolution     Votes in      Votes at        Votes        Votes     Total proxy
                 favour    Chairman's      against     withheld           votes
                           discretion                                          
                                                                               
1            39,743,292        51,603       13,179    7,799,083      47,607,157
                                                                               
2            39,629,582        51,838       19,143    7,905,003      47,605,566
                                                                               
3            39,629,170        53,338       19,646    7,905,003      47,607,157
                                                                               
4            39,756,471        51,603            0    7,799,083      47,607,157
                                                                               
5            39,655,251        55,103            0    7,896,803      47,607,157
                                                                               
6            39,655,251        55,103            0    7,896,803      47,607,157
                                                                               
7            39,655,251        55,103            0    7,896,803      47,607,157
                                                                               
8            39,655,251        55,103            0    7,896,803      47,607,157
                                                                               
9            39,653,213        55,103          447    7,896,803      47,605,566
                                                                               
10           39,653,213        55,103          447    7,896,803      47,605,566
                                                                               
11           39,749,307        55,103        1,564    7,801,183      47,607,157
                                                                               
12           39,729,886        55,550        5,829    7,815,892      47,607,157
                                                                               
13           47,555,299        51,603          255            0      47,607,157
                                                                               
14           39,732,111        51,603       22,769    7,799,083      47,605,566


Contact:

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

28 February 2014