Aberforth Smaller Companies Trust Plc - Directorate Change

Aberforth Smaller Companies Trust plc (the "Company")

Directorate Change

As previously announced on 29 January 2021, Richard Rae, who has been a non-executive Director since January 2012, retired as a Director of the Company and member of its Audit Committee at the Annual General Meeting held on 2 March 2021.

Victoria Stewart, an existing non- executive Director, has been appointed as a member of the Audit Committee on 2 March 2021, upon conclusion of the Annual General Meeting.

Aberforth Partners LLP, Secretaries (Tel: 0131 220 0733)

2 March 2021

END