AGM Statement

ABERFORTH SMALLER COMPANIES TRUST plc


ANNUAL GENERAL MEETING HELD ON 4 MARCH 2009

The  Board of Aberforth Smaller Companies Trust plc ("ASCoT") hereby report that all
the  resolutions  proposed at the Annual General Meeting held on 4  March  2009  were
passed  by  Shareholders on a show of hands. A total of 43,212,971 proxy  votes were
received, representing 44.6% of the 96,900,000 Ordinary Shares in issue.

The table below shows the result of the proxy voting:

Resolution   Votes in      Votes at    Votes      Votes    Total proxy
               favour    Chairman's  against   withheld          votes
                         discretion

1          41,185,610        26,385  119,600  1,881,375     43,212,970
2          43,056,651        26,385   20,689    109,246     43,212,971
3          42,935,247        26,385  142,004    109,335     43,212,971
4          43,054,651        26,385   22,600    109,335     43,212,971
5          43,056,651        26,385   20,600    109,335     43,212,971
6          43,056,651        26,385   20,600    109,335     43,212,971
7          43,056,651        26,385   20,600    109,335     43,212,971
8          43,038,396        28,585   30,386    115,604     43,212,971
9          43,073,666        28,585    1,385    109,335     43,212,971
10         43,064,420        29,135    5,300    114,116     43,212,971
11         43,046,542        28,048   19,065    119,316     43,212,971


Copies  of  the resolutions passed by Shareholders of the Company have been submitted
to  the  UK  Listing  Authority and will 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 LLP, 0131 220 0733

Aberforth Partners LLP, Secretaries - 5 March 2009

ANNOUNCEMENT ENDS