ABERFORTH SMALLER COMPANIES TRUST plc

Board Meeting Notification

Please be advised that the Board of Directors of Aberforth Smaller
Companies Trust plc will meet on 17 July 2003 to consider the interim
results and interim dividend for the year to 31 December 2003.

It is anticipated that an announcement will be made on 17 July 2003.

Contact - David Holland (Tel: 0131 220 0733)
Aberforth Partners, Secretaries - 27 June 2003

ANNOUNCEMENT ENDS