Top Ten Investments as at 30 June 2007

ABERFORTH SMALLER COMPANIES TRUST plc


The Board of Aberforth Smaller Companies Trust plc ("the Company") confirms that, as at 30 June 2007, the top ten
investments ranked by market value (based on bid prices) of the Company's total investable assets were as follows: -

Company                Value (£)   Weight %        Accumulated %
Greggs                26,524,330            3.1%            3.1%
Thomas Cook Group     21,634,260            2.5%            5.5%
BSS Group             20,783,353            2.4%            7.9%
Shanks Group          18,061,181            2.1%           10.0%
Holidaybreak          17,628,485            2.0%           12.0%
Hampson Industries    17,080,162            2.0%           14.0%
MITIE Group           17,015,328            2.0%           16.0%
Interserve            16,521,925            1.9%           17.9%
RPC Group             15,106,710            1.7%           19.6%
Abbot Group           15,012,901            1.7%           21.3%

Contact for enquiries
David Holland
Aberforth Partners LLP
0131 220 0733

END