Re-purchase of warrants

ABERFORTH SMALLER COMPANIES TRUST plc Aberforth Smaller Companies Trust plc announces that today, 6 March 2003, it purchased for cancellation, at a price of 194.0p each, a further 40,000 of its Warrants to subscribe for Ordinary Shares of 1p. Since the last notification on 18 May 2001, the Company has purchased a total of 691,500 Warrants. Following the cancellation of these Warrants, there will be 963,311 Warrants remaining in issue. Date of announcement - 6 March 2003. Contact for enquiries:- David Holland Aberforth Partners 0131 220 0733 ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/03/06/20030306BIT00910/wkr0001.doc http://www.waymaker.net/bitonline/2003/03/06/20030306BIT00910/wkr0002.pdf