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 Lloyds TSB Group Plc
to the notification obligation
4. Full name of shareholder(s)    Jersey Nominees Ltd
(if different from 3.):           Perry Nominees Ltd
                                  Boltro Nominees Ltd
                                  Lloyds Bank (PEP) Nominees Ltd
                                  State Street Nominees Ltd
5. Date of the transaction (and   10/9/08
date on which the threshold is
crossed or reached if different):
6. Date on which issuer notified: 11/9/08
7. Threshold(s) that is/are       3%
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 possible  Triggering
using the    transaction
ISIN CODE
             Number    Number      Number     Number of          % of voting
             of        of          of         voting             rights
             Shares    Voting      Shares     rights
                       Rights
                                              Direct  Indirect   Direct  Indirect
Ordinary    2,903,325  2,903,325   3,003,325  n/a     3,003,325  n/a     3.10%
1p Shares
GB0000066554


B: Financial Instruments
Resulting situation after the triggering transaction
Type of    Expiration Exercise/   Number of voting       % of voting
financial  date       Conversion  rights that may be     rights
instrument            Period/     acquired if the
                      Date        instrument is
                                  exercised/ converted.
N/A        N/A        N/A         N/A                    N/A
Total (A+B)
Number of voting rights      % of voting rights
3,003,325                    3.10%

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

61,451 Shares are held by Jersey Nominees Ltd, a wholly owned
subsidiary of Lloyds TSB Bank Plc, a wholly owned subsidiary of
Lloyds TSB Group Plc.
38,926 Shares are held by Perry Nominees Ltd, a wholly owned
subsidiary of Lloyds TSB Bank Plc, a wholly owned subsidiary of
Lloyds TSB Group Plc.
652 Shares are held by Boltro Nominees Ltd, a wholly owned
subsidiary of Lloyds TSB Bank Plc, a wholly owned subsidiary of
Lloyds TSB Group Plc.
1,864 Shares are held by Lloyds Bank (Pep) Nominees Ltd, a wholly
owned subsidiary of Lloyds TSB Bank Plc, a wholly owned subsidiary
of Lloyds TSB Group Plc.
2,900,432 Shares are held by State Street Nominees Ltd. Shares are
under the control of Scottish Widows Investment Partnership Ltd, a
wholly owned subsidiary of Scottish Widows Investment Partnership
Group Ltd, a wholly owned subsidiary of Scottish Widows Group Ltd,
a wholly owned subsidiary of Lloyds TSB Bank plc, a wholly owned
subsidiary of Lloyds TSB Group Plc.

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
                                       to Aberforth Smaller Companies Trust plc.
15. Contact telephone number           0131-220-0733