Holding(s) in Company

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
TRW Pensions Trust Ltd

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 shareholder 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
Not disclosed

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
N/A

8) Percentage of issued class
N/A

9) Class of security
Ordinary Shares of 1p

10) Date of transaction
Not disclosed

11) Date company informed
20 September 2002

12) Total holding following this notification
No longer has a notifiable interest in the ordinary shares of the
company

13) Total percentage holding of issued class following this notification
N/A

14) Any additional information
N/A

15) Name of contact and telephone number for queries
David Holland - 0131 220 0733

16) Name and signature of authorised company official responsible for
 making this notification
David Holland, for Aberforth Partners, Secretaries.

Date of notification - 23 September 2002