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
Barclays PLC

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
Barclays Global Investors Ltd         1,190,690 shares
Gerrard Ltd                           4,330,123 shares
Barclays Bank Trust Company Ltd       290,082 shares
Barclays Private Bank and Trust Ltd   5,669 shares
Barclays Private Bank Ltd             11,200 shares
Barclays Capital Securities Ltd       199 shares
Barclays Life Assurance Co Ltd        118,742 shares


4)   Name of the registered holder(s) and, if more than one holder, the
     number of shares held by each of them
Barclays Capital Nominees Limited                   199 shares
Barclays Trust Co   (various designations)          290,082 shares
BOISS Nominess Ltd A/c 4224361                      93,004 shares
CHASE Nominees Ltd (various designations)           82,565 shares
Gerrard Nominees Ltd (various designations)         61,405 shares
Greig Middleton Nominees Ltd (various designations) 701,021 shares
JP Morgan (BGI Custody) (various designations)      1,133,863 shares
R C Greig Nominees Ltd (various designations)       3,567,697 shares
Reflex Nominees Ltd                                 5,669 shares
ZEBAN NOMINEES LTD                                  11,200 shares

5)   Number of shares/amount of stock acquired
Not disclosed

6)   Percentage of issued class
N/A

7)   Number of shares/amount of stock disposed
Not disclosed

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
12 September 2006

12)  Total holding following this notification
5,946,705

13)  Total percentage holding of issued class following this notification
6.02%

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 LLP, Secretaries.

Date of notification - 12 September 2006