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
Legal & General Investment Management 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 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
HSBC Global Custody Nominee (UK) Ltd a/c 775245- 350,000 shares
HSBC Global Custody Nominee (UK) Ltd a/c 360509- 97,000 shares
HSBC Global Custody Nominee (UK) Ltd a/c 357206- 1,990,692 shares
HSBC Global Custody Nominee (UK) Ltd a/c 866203- 78,000 shares

5) Number of shares/amount of stock acquired
30,076 (upon a transfer into management)

6) Percentage of issued class
0.04%

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
2 October 2002

11) Date company informed
7 October 2002

12) Total holding following this notification
2,515,692

13) Total percentage holding of issued class following this notification
3.00%

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 - 7 October 2002