AGM Statement

ABERFORTH SMALLER COMPANIES TRUST plc ANNUAL GENERAL MEETING HELD ON 25 FEBRUARY 2003 The Board of Aberforth Smaller Companies Trust plc ("ASCoT") is pleased to announce that all the resolutions proposed at the Annual General Meeting held on 25 February 2003 were passed by Shareholders on a unanimous show of hands. A total of 28,955,804 proxy votes were received, representing 34.5% of the 83,855,423 Ordinary Shares in issue, in respect of all six resolutions. Aberforth Partners, Secretaries - 26 February 2003 ANNOUNCEMENT ENDS ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/02/26/20030226BIT00250/wkr0001.doc http://www.waymaker.net/bitonline/2003/02/26/20030226BIT00250/wkr0002.pdf