Aberforth Smaller Companies Trust plc

    Dividends

    The Board of Aberforth Smaller Companies Trust plc today announced a proposed
    final ordinary dividend of 17.85p per share, together with a special dividend
    of 2.75p per share, in respect of the year ended 31 December 2015. Subject to
    shareholder approval at the AGM to be held on 1 March 2016, the dividends will
    be paid on 4 March 2016 to shareholders on the register at the close of
    business on 12 February 2016. The ex-dividend date is 11 February 2016.

    Aberforth Partners LLP, Secretaries

    (Contact David Holland, Tel 0131 220 0733)

    27 January 2016