Directorate change

ABERFORTH SMALLER COMPANIES TRUST plc


Retirement of a Director


The Board of Aberforth Smaller Companies Trust plc confirm that, as stated in
the  Chairman's Statement dated 21 January 2004, Mr Keith Miller retired from
the  Board, as a Director of the Company, on conclusion of the Annual General
Meeting held yesterday, 25 February 2004.



Contact for enquiries:-

David Holland  *  Aberforth Partners, Secretaries  *  0131 220 0733