Aberforth Smaller Companies Trust Plc - Transaction in Own Shares

London, June 1

Market Purchase by the Company of its own Ordinary Shares

The Board of Aberforth Smaller Companies Trust plc (“ASCoT”) hereby gives notification that, pursuant to the authority granted at the Annual General Meeting of the Company held on 2 March 2021 to make market purchases of the Company’s own shares, a market purchase of 50,000 Ordinary shares of the Company was made on 01 June 2021, at a price of 1550.5931p per share.

Following the purchase and cancellation of the above shares, 88,673,066 Ordinary shares will remain in issue. A total of 50,000 Ordinary shares have been purchased and cancelled under the above authority.

For further information contact: Michael Campbell, Aberforth Partners LLP,

telephone: 0131 220 0733.

Aberforth Partners LLP, Secretaries