Result of AGM

ABERFORTH SMALLER COMPANIES TRUST plc


ANNUAL GENERAL MEETING HELD ON 1 MARCH 2007

The  Board  of Aberforth Smaller Companies Trust plc ("ASCoT") is pleased  to
announce that all the resolutions proposed at the Annual General Meeting held
on  1  March 2007 were passed by Shareholders on a show of hands. A total  of
43,044,533  proxy votes were received, representing 43.6% of  the  98,809,788
Ordinary Shares in issue, in respect of all 11 resolutions at the meeting. Of
the proxy votes cast for or against the 11 resolutions proposed at the Annual
General  Meeting, over 99.4% were cast in favour of such resolutions or  were
left to the discretion of the Chairman and would have been cast in favour  of
such resolutions by the Chairman.

The table below shows the result of the proxy voting:

Resolution  Votes in    Votes at    Votes     Votes    Total proxy
              favour   Chaiman's  against  withheld          votes
                      discretion
1          42,730,743     43,921   20,600   249,269     43,044,533

2          42,846,992     43,187        -   154,354     43,044,533

3          42,822,826     45,838   21,600   154,269     43,044,533

4          42,820,181     45,838   22,845   155,669     43,044,533

5          42,821,581     45,838   22,845   154,269     43,044,533

6          42,821,826     45,838   21,600   155,269     43,044,533

7          42,820,326     45,838   21,600   156,769     43,044,533

8          42,820,326     45,838   21,600   156,769     43,044,533

9          42,737,124     47,400    7,560   252,449     43,044,533

10         42,841,341     45,838    2,715   154,939     43,044,533

11         42,831,858     50,188    4,030   158,457     43,044,533



In accordance with paragraph 9.31 (b) of the Listing Rules, two copies of the
resolutions  passed  by  shareholders relating to  special  business  of  the
Company  have  been  submitted to the UK Listing Authority.  They  should  be
available  shortly for inspection at its Document Viewing Facility  which  is
situated at:

Financial Services Authority
25 The North Colonnade
Canary Wharf
London E14 5HS



CONTACT:  David Holland      Aberforth Partners LLP      0131 220 0733

Aberforth Partners LLP, Secretaries - 2 March 2007

ANNOUNCEMENT ENDS