Board Meeting Notification

Aberforth Smaller Companies Tst PLC
2 January 2001

Please be advised that the Board of Directors of Aberforth Smaller Companies
Trust plc will meet on 23 January 2001 to consider the preliminary results and
final dividend for the year ending 31 December 2000.

It is anticipated that an announcement will be made on 23 January 2001.

Aberforth Partners, Secretaries - 2 January 2001