Holding(s) in Company

Aberforth Smaller Companies Tst PLC
9 April 2002


                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES


1)   Name of company
Aberforth Smaller Companies Trust plc


2)   Name of shareholder having a major interest
Britannic Investment Managers Limited


3)   Please state whether notification indicates that it is in respect of
     holding of the shareholder named in 2 above or in respect of a
     non-beneficial interest or in the case of an individual holder if it is a
     holding of that person's spouse or children under the age of 18
Notification is in respect of a non-beneficial interest of the person named in 2
above.


4)   Name of the registered holder(s) and, if more than one holder, the
     number of shares held by each of them
Citibank Nominees Limited - 2,223,714

Clydesdale Bank Nominees Limited - 1,079,974


5)   Number of shares/amount of stock acquired
N/A


6)   Percentage of issued class
N/A


7)   Number of shares/amount of stock disposed
140,300


8)   Percentage of issued class
0.17%


9)   Class of security
Ordinary Shares of 1p


10)  Date of transaction
5 April 2002


11)  Date company informed
8 April 2002


12)  Total holding following this notification
3,303,688


13)  Total percentage holding of issued class following this notification
3.94%


14)  Any additional information
N/A


15)  Name of contact and telephone number for queries
Angus McCallum - 0131 220 0733

16)  Name and signature of authorised company official responsible for
     making this notification
Angus McCallum, For Aberforth Partners, Secretaries.


Date of notification - 9 April 2002


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