Top Ten Investments

ABERFORTH SMALLER COMPANIES TRUST plc


The Board of Aberforth Smaller Companies Trust plc ("the Company") confirms that, as at 30 September 2006, 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                   21,527,667     2.9%            2.9%
Holidaybreak             17,803,880     2.4%            5.3%
BSS Group                15,816,440     2.1%            7.5%
Grainger Trust           15,428,400     2.1%            9.6%
Carillion                15,294,369     2.1%            11.6%
ITE Group                15,199,186     2.1%            13.7%
Brown (N.) Group         15,140,572     2.0%            15.7%
Headlam Group            15,106,317     2.0%            17.8%
RPC Group                13,887,572     1.9%            19.6%
Johnson Service Group    13,575,770     1.8%            21.5%


Contact for enquiries
David Holland
Aberforth Partners LLP
0131 220 0733

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