Result of AGM

Aberforth Smaller Companies Trust plc

Annual General Meeting held on 3 March 2020

The Board of Aberforth Smaller Companies Trust plc (“ASCoT”) hereby reports that all the resolutions proposed at the Annual General Meeting held on 3 March 2020 were passed by Shareholders on a show of hands. A total of 50,745,770 proxy votes were received, representing 56.7% of the 89,533,066 Ordinary Shares in issue.

The table below shows the result of the proxy voting:

Resolution	Votes in favour	Discretionary Votes	Votes against	Votes withheld	Total proxy votes
1	48,881,607	42,982	0	1,821,181	50,745,770
2	48,853,980	42,982	10,039	1,838,769	50,745,770
3	48,850,679	43,932	12,390	1,838,769	50,745,770
4	48,882,562	42,962	0	1,820,246	50,745,770
5	48,878,553	43,332	474	1,823,411	50,745,770
6	48,878,553	43,332	474	1,823,411	50,745,770
7	46,610,674	43,332	2,268,353	1,823,411	50,745,770
8	46,610,674	43,332	2,268,353	1,823,411	50,745,770
9	48,878,553	43,332	474	1,823,411	50,745,770
10	46,594,450	43,332	2,278,139	1,829,849	50,745,770
11	48,877,644	42,982	2,140	1,823,004	50,745,770
12	50,702,460	41,712	474	1,124	50,745,770
13	48,870,912	42,962	11,530	1,820,366	50,745,770

Note

A "Vote withheld" is not a vote in law and is not counted in the calculation of the votes "For" or "Against" a resolution.

Contact: 

Michael Campbell, Aberforth Partners LLP, Secretaries

Telephone: [phone]

3 March 2020