Statement re Listing Rule 15.6.8

Aberforth Smaller Companies Trust plc

In accordance with UKLA Listing Rule 15.6.8R, the following table represents Aberforth Smaller Companies Trust plc’s (ASCOT) investments, as at 31 December 2015, in other UK listed closed-ended investment funds (including REIT’s) which themselves do not have a stated investment policy to invest no more than 15% of their gross assets in other UK listed closed-ended investment funds ( including REIT’s):

Security	% of ASCOT’s Portfolio
Hansteen Holdings plc	1.7
McKay Securities plc	1.3
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Total	3.0
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ASCOT does not invest in any securities issued by investment trusts or investment companies with the exception of real estate investment trusts (REIT's).

For further information contact: David Holland, Aberforth Partners LLP, telephone: [phone].

Aberforth Partners LLP, Secretaries – 6 January 2016