Result of AGM

Aberforth Smaller Companies Trust plc

Annual General Meeting held on 28 February 2019

The Board of Aberforth Smaller Companies Trust plc (“ASCoT”) hereby report that all the resolutions proposed at the Annual General Meeting held on 28 February 2019 were passed by Shareholders on a show of hands. A total of 41,781,794 proxy votes were received, representing 46.1% of the 90,566,351 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	41,763,075	16,128	1,400	1,191	41,781,794
2	41,752,423	16,128	11,122	2,121	41,781,794
3	41,765,666	16,128	0	0	41,781,794
4	41,763,205	17,528	464	597	41,781,794
5	41,763,255	17,528	414	597	41,781,794
6	41,763,352	17,528	414	500	41,781,794
7	41,758,966	17,528	0	5,300	41,781,794
8	41,758,434	17,528	50	5,782	41,781,794
9	39,501,163	17,528	3,656	2,259,447	41,781,794
10	41,761,461	17,528	1,614	1,191	41,781,794
11	41,749,015	17,825	14,909	45	41,781,794

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]

1 March 2019