Board Meeting Notification

Aberforth Smaller Companies Tst PLC
11 January 2002


ABERFORTH SMALLER COMPANIES TRUST plc

Board Meeting Notification

Please be advised that the Board of Directors of Aberforth Smaller Companies
Trust plc will meet on 22 January 2002 to consider the preliminary results and
final dividend for the year to 31 December 2001.

It is anticipated that an announcement will be made on 22 January 2002.

Contact - Steven McKeane (Tel: [phone])

Aberforth Partners, Secretaries - 11 January 2002


ANNOUNCEMENT ENDS