Result of AGM

ABERFORTH SMALLER COMPANIES TRUST plc


ANNUAL GENERAL MEETING HELD ON 23 FEBRUARY 2005

The  Board  of Aberforth Smaller Companies Trust plc ("ASCoT") is pleased  to
announce that all the resolutions proposed at the Annual General Meeting held
on  23  February 2005 were passed by Shareholders on a show of hands. Of  the
proxy  votes  cast for or against the 13 resolutions proposed at  the  Annual
General Meeting, including the resolution to continue the Company, over 99.6%
were cast in favour of such resolutions or were left to the discretion of the
Chairman  and  would  have  been cast in favour of such  resolutions  by  the
Chairman.

In accordance with paragraph 9.31 (b) of the Listing Rules, two copies of the
resolutions  passed  by  shareholders relating to  special  business  of  the
Company  have  been  submitted to the UK Listing Authority.  They  should  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      0131 220 0733

Aberforth Partners, Secretaries - 24 February 2005


ANNOUNCEMENT ENDS