Aberforth Smaller Companies Trust plc

    Dividend Declaration

    The Board of Aberforth Smaller Companies Trust plc today announced a proposed
    final ordinary dividend of 18.75p per share, together with a special dividend
    of 2.75p per share, in respect of the year ended 31 December 2016. Subject to
    shareholder approval at the AGM to be held on 1 March 2017, the dividends will
    be paid on 3 March 2017 to shareholders on the register at the close of
    business on 10 February 2017. The ex-dividend date is 9 February 2017.

    Aberforth Partners LLP, Secretaries

    (Contact David Holland, Tel 0131 220 0733)

    27 January 2017

    Regulatory Information: The Company's Legal Entity Identifier is
    213800GZ9WC73A92Q326.