Result of AGM

ABERFORTH SMALLER COMPANIES TRUST plc


ANNUAL GENERAL MEETING HELD ON 4 MARCH 2008

The  Board of Aberforth Smaller Companies Trust plc ("ASCoT") hereby report that  all
the  resolutions  proposed at the Annual General Meeting held on 4  March  2008  were
passed by Shareholders on a show of hands.

In  particular, the resolution regarding the continuation of the Company  (Resolution
10)  was  passed. In respect of this resolution, Shareholders votes,  represented  by
proxy  or  corporate representatives, totalled 56,892,534 representing 57.6%  of  the
Ordinary  Shares in issue. Of these 88.2% were in favour of the resolution (including
those left to the discretion of the Chairman).

The table below shows the result of the proxy and corporate representatives voting:

Resolution   Votes in    Votes at     Votes       Votes    Total votes
               favour  Chairman's   against    withheld
                       discretion

1          55,418,505     360,242   115,600      17,156     55,911,503
2          52,946,556     363,342   116,995   2,484,610     55,911,503
3          53,041,885     363,342    21,666   2,484,610     55,911,503
4          53,041,951     363,342    21,600   2,484,610     55,911,503
5          53,042,951     363,342    20,600   2,484,610     55,911,503
6          53,041,951     363,342    21,600   2,484,610     55,911,503
7          53,041,951     363,342    21,600   2,484,610     55,911,503
8          55,522,274     360,142     7,163      21,924     55,911,503
9          55,530,426     361,542     2,291      17,244     55,911,503
10         50,116,981*     45,909 6,728,628       1,016     56,892,534*
11         55,531,305     360,242        -       19,956     55,911,503

* Including 981,031 votes represented by corporate representatives at the meeting.


Copies  of  the resolutions passed by Shareholders of the Company have been submitted
to  the  UK  Listing  Authority and will be available shortly for inspection  at  its
Document Viewing Facility which is situated at:

Financial Services Authority
25 The North Colonnade
Canary Wharf
London E14 5HS


CONTACT:  David Holland      Aberforth Partners LLP      0131 220 0733

Aberforth Partners LLP, Secretaries - 5 March 2008

ANNOUNCEMENT ENDS