Directorate change

Aberforth Smaller Companies Trust plc (the "Company") As detailed in the prospectus of the Company issued on 29 September 2003 in connection with the reconstruction and winding up of Aberforth Split Level Trust plc, Hamish Buchan has been appointed as a non-executive director of the Company with effect from today. No further information relating to this appointment is required by paragraph 16.4 of the Listing Rules. Contact for enquiries:- David Holland Aberforth Partners, Secretaries 0131 220 0733 END ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/11/11/20031111BIT00770/wkr0001.DOC http://www.waymaker.net/bitonline/2003/11/11/20031111BIT00770/wkr0002.pdf