Holding(s) in Company

NOTIFICATION OF MAJOR INTERESTS IN SHARES
1.Identity of the issuer or the   Aberforth Smaller Companies Trust plc
underlying issuer of existing
shares to which voting rights are
attached:

2. Reason for the notification:
An acquisition or disposal of     N/A
voting rights

An acquisition or disposal of     N/A
financial instruments which may
result in the acquisition of
shares already issued to which
voting rights are attached

An event changing the breakdown   N/A
of voting rights

Other (please specify):           Initial holding on
                                  implementation of
                                  Transparency Directive
3. Full name of person(s) subject Rathbone Brothers PLC
to the notification obligation

4. Full name of shareholder(s)
(if different from 3.):           Rathbone Brothers PLC

                                  Rathbone Investment
                                  Management Ltd
                                  Rathbone Unit Trust
                                  Management Ltd

5. Date of the transaction (and   20 January 2007
date on which the threshold is
crossed or reached if different):

6. Date on which issuer notified: 23 January 2007

7. Threshold(s) that is/are       5%
crossed or reached:

8. Notified details:              N/A
A: Voting rights attached to shares
Class/type  Situation       Resulting situation after the
of          previous to     triggering transaction
shares      the Triggering
            transaction
 if
possible    Number  Number  Number  Number of    % of voting
using the   of      of      of      voting       rights
ISIN CODE   Shares  Voting  Shares  rights
                    Rights
                           Direct  Direct Indiret Direcct Indirect
Ordinary   5016511 5016511  N/A    N/A    5016511  N/A    5.08%
1p Shares
GB000006655


B: Financial Instruments
Resulting situation after the triggering
transaction
Type of   Expiration  Exercise/   Number of voting   % of
financial date        Conversion  rights that may    voting
instrument            Period/     be acquired if     rights
                      Date        the instrument is
                                  exercised/
                                  converted.
N/A       N/A         N/A         N/A                N/A

Total (A+B)
Number of voting rights      % of voting rights
5016511                      5.08%

9. Chain of controlled undertakings through which the
voting rights and/or the financial instruments are
effectively held, if applicable

Rathbone Brothers PLC*

Rathbone Investment Management Ltd      4.99%

Rathbone Unit Trust Management Ltd      0.09%


*Rathbone Brothers PLC is the holding company of the above

Proxy Voting:
10. Name of the proxy        N/A
holder:
11. Number of voting rights  N/A
proxy holder will cease to
hold:
12. Date on which proxy      N/A
holder will cease to hold
voting rights:
13. Additional information:  N/A
14. Contact name:            David Holland, Aberforth Partners LLP, Secretaries
15. Contact telephone nimber:0131-220-0733