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 Scottish Widows Investment Partnership 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 made on behalf of Lloyds TSB Group plc, Lloyds TSB Bank plc and Scottish Widows Group Limited. 4) Name of the registered holder(s) and, if more than one holder, the number of shares held by each of them N/A 5) Number of shares/amount of stock acquired N/A 6) Percentage of issued class N/A 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 Not disclosed 11) Date company informed 20 January 2003 12) Total holding following this notification No longer has a notifiable interest 13) Total percentage holding of issued class following this notification N/A 14) Any additional information No longer has a notifiable interest 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 - 20 January 2003 ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/01/20/20030120BIT00870/wkr0001.doc http://www.waymaker.net/bitonline/2003/01/20/20030120BIT00870/wkr0002.pdf