Additional Listing

Aberforth Smaller Companies Tst PLC
4 April 2001

ABERFORTH SMALLER COMPANIES TRUST plc



Additional Listing



Application will be made for the admission of 370,616 Ordinary Shares of 1
pence each fully paid to the Official List of the UK Listing Authority and to
trading on the main market of the London Stock Exchange, ranking pari passu
with the existing Ordinary Shares.



These Ordinary Shares are being allotted pursuant to the exercise of rights to
subscribe for such Ordinary Shares of 1 pence each in accordance with the
rights of Warrantholders.



Following the admission of these Ordinary Shares there will be 83,630,941
Ordinary Shares in issue and 2,508,281 Warrants in issue.



Contact - Gordon Young (Tel: [phone])

Aberforth Partners, Secretaries - 4 April 2001



ANNOUNCEMENT ENDS