TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES1. Identity of the issuer or the underlying issuerof existing shares to which voting rights areattached: Aberforth Smaller Companies Trust plc2 Reason for the notification (please tick the appropriate box or boxes):An acquisition or disposal of voting rights XAn acquisition or disposal of qualifying financial instruments which may resultin the acquisition of shares already issued to which voting rights are attachedAn acquisition or disposal of instruments with similar economic effect toqualifying financial instrumentsAn event changing the breakdown of voting rightsOther (please specify):3. Full name of person(s) subject to the Investec Wealth ¬ification obligation: Investment Limited4. Full name of shareholder(s) N/A (if different from 3.):5. Date of the transaction and date on 17 June 2014which the threshold is crossed orreached:6. Date on which issuer notified: 18 June 20147. Threshold(s) that is/are crossed or From 7% to 8%reached:8. Notified details:A: Voting rights attached to sharesClass/type Situation previous Resulting situation after the triggering transactionof to the triggeringshares transaction Number Number Number Number of voting % of voting rightsif possible of of of rightsusing Shares Voting sharesthe ISIN RightsCODE Direct Direct Indirect Direct IndirectOrdinary 7,627,628 7,627,628 7,639,493 8.01%SharesGB0000066554B: Qualifying Financial InstrumentsResulting situation after the triggering transactionType of Expiration Exercise/ Number of voting % of votingfinancial date Conversion Period rights that may be rightsinstrument acquired if the instrument is exercised/ converted.C: Financial Instruments with similar economic effect to Qualifying FinancialInstrumentsResulting situation after the triggering transactionType of Exercise price Expiration Exercise/ Number of voting rights % of voting rightsfinancial date Conversion instrument refers toinstrument period Nominal DeltaTotal (A+B+C)Number of voting rights Percentage of voting rights7,639,493 8.01%9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable:Client holdings registered in the name of Nominee companies 100% owned byInvestec Wealth & Investment Limited.Proxy Voting:10. Name of the proxy holder: N/A11. Number of voting rights proxy holder will ceaseto hold: N/A12. Date on which proxy holder will cease to holdvoting rights: N/A13. Additional information: N/A14. Contact name: David Holland Aberforth Partners LLP, Secretaries15. Contact telephone number: 0131 220 0733