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 of the 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
HSBC Global Custody Nominee (UK) Ltd a/c 775245-   350,000 shares
HSBC Global Custody Nominee (UK) Ltd a/c 360509-   103,000 shares
HSBC Global Custody Nominee (UK) Ltd a/c 357206- 1,958,333 shares
HSBC Global Custody Nominee (UK) Ltd a/c 866203-    98,000 shares

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
24,894 (upon a transfer out of management)

8)   Percentage of issued class
0.03%

9)   Class of security
Ordinary Shares of 1p

10)  Date of transaction
2 December 2002

11)  Date company informed
4 December 2002

12)  Total holding following this notification
2,509,333

13)  Total percentage holding of issued class following this
notification
2.99%

14)  Any additional information
N/A

15)  Name of contact and telephone number for queries
Gordon Young - 0131 220 0733

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

Date of notification - 4 December 2002