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 2017 to make market purchases of the
    Company's own shares, a market purchase of 50,000 Ordinary shares of the
    Company was made today, 23 June 2017, at a price of 1285p per share.

    Following the purchase and cancellation of the above shares, 94,051,492
    Ordinary shares will remain in issue. A total of 326,800 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 June 2017

    Legal Entity Identifier ("LEI"): 213800GZ9WC73A92Q326