The Board of Aberforth Smaller Companies Trust plc announced the appointment of Mrs. Patricia Dimond
as an independent non-executive Director of the Company and member of its Audit Committee with effect from 3
March 2022, upon conclusion of the Annual General Meeting. Mrs. Dimond is a non-executive director and audit chair of LXi REIT Plc, and a non-executive director of
Foresight VCT Plc. Mrs. Paula Hay-Plumb, who has been an independent non-executive
Director since January 2014, retired as a Director of the Company at the Annual General Meeting held on 3 March
2022. Paula has been a valued member of the Board and the Audit Committee.