Aberforth Smaller Companies Trust plc

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 1 March 2016 to make market purchases of the Company’s own shares, a market purchase of 40,000 Ordinary shares of the Company was made today, 23 August 2016, at a price of 1034p per share.

Following the purchase and cancellation of the above shares, 94,639,792 Ordinary shares will remain in issue. A total of 323,000 Ordinary shares have been purchased and cancelled under the above authority.

For further information contact: David Holland, Aberforth Partners LLP,

telephone: 0131 220 0733.

Aberforth Partners LLP, Secretaries – 23 August 2016