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     Yes
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):           N/A

3. Full name of person(s) subject Legal & General Group Plc (L&G)
to the notification obligation

4. Full name of shareholder(s)    Legal & General Assurance
(if different from 3.):           (Pensions Management) Limited (PMC)

5. Date of the transaction (and   17 October 2007
date on which the threshold is
crossed or reached if different):

6. Date on which issuer notified: 30 October 2007

7. Threshold(s) that is/are       From 3% to 4% (L&G )
crossed or reached:

8. Notified details:
A: Voting rights attached to shares
Class/type  Situation            Resulting situation after the
of shares   previous to the      triggering transaction
if          Triggering
possible    transaction
using the
ISIN CODE
            Number    Number     Number     Number of           % of voting
            of        of         of         voting              rights
            Shares    Voting     Shares     rights
                      Rights
                                 Direct     Direct    Indirect  Direct  Indirect
Ordinary   3,826,171  3,826,171  4,037,372  4,037,372           4.08%
1p Shares
GB000006655

B: Financial Instruments
Resulting situation after the triggering transaction

N/A

Total (A+B)
Number of voting rights      % of voting rights
4,037,372                    4.08%

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

Legal & General Group Plc (Direct and Indirect) (Group)

Legal & General Investment Management (Holdings) Limited (LGIMH)
(Direct and Indirect)

Legal & General Investment Management Limited (Indirect) (LGIM)

Legal & General Group Plc (Direct) (L&G) (4,037,372- 4.08% = LGAS,LGPL & PMC)

Legal & General Investment Management (Holdings) Limited (Direct)
(LGIMHD) (3,586,427 3.62% = PMC)

Legal & General Insurance Holdings Limited (Direct)

Legal & General Assurance (Pensions Management) Limited  (PMC)
(3,586,427-3.62%)

Legal & General Assurance Society Limited  (LGAS & LGPL)

Legal & General Pensions Limited (Direct)  (LGPL)


Proxy Voting:
10. Name of the proxy holder:          N/A

11. Number of voting rights proxy      N/A
holder will cease to hold:

12. Date on which proxy holder will    N/A
cease to hold voting rights:

13. Additional information:            N/A

14. Contact name:                      David Holland, Aberforth Partners LLP, Secretaries

15. Contact telephone number           0131-220-0733