Holding(s) in Company

SCHEDULE 10 NOTIFICATION OF MAJOR INTERESTS IN SHARES 1) Name of company Aberforth Smaller Companies Trust plc 2) Name of shareholder having a major interest Legal & General Investment Management Limited 3) Please state whether notification indicates that it is in respect of holding of the shareholder named in 2 above or in respect of a non-beneficial interest or in the case of an individual holder if it is a holding of that person's spouse or children under the age of 18 Notification is in respect the person named in 2 above. 4) Name of the registered holder(s) and, if more than one holder, the number of shares held by each of them HSBC Global Custody Nominee (UK) Ltd a/c 775245- 350,000 shares HSBC Global Custody Nominee (UK) Ltd a/c 360509- 97,000 shares HSBC Global Custody Nominee (UK) Ltd a/c 357206- 1,990,692 shares HSBC Global Custody Nominee (UK) Ltd a/c 866203- 78,000 shares 5) Number of shares/amount of stock acquired 30,076 (upon a transfer into management) 6) Percentage of issued class 0.04% 7) Number of shares/amount of stock disposed n/a 8) Percentage of issued class n/a 9) Class of security Ordinary Shares of 1p 10) Date of transaction 2 October 2002 11) Date company informed 7 October 2002 12) Total holding following this notification 2,515,692 13) Total percentage holding of issued class following this notification 3.00% 14) Any additional information n/a 15) Name of contact and telephone number for queries David Holland - 0131 220 0733 16) Name and signature of authorised company official responsible for making this notification David Holland for Aberforth Partners, Secretaries. Date of notification - 7 October 2002 ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2002/10/07/20021007BIT00840/wkr0001.doc http://www.waymaker.net/bitonline/2002/10/07/20021007BIT00840/wkr0002.pdf