Source - PRN

The notification set out below is provided in accordance with the requirements of the EU Market Abuse Regulation.

1 - Details of the person discharging managerial responsibilities / person closely associated
a) Name of natural person David Jeffcoat
2 - Reason for the notification
a) Position/status Director
b) Initial notification/amendment Initial Notification
3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a) Full name of the entity Aberforth Smaller Companies Trust plc
b) Legal Entity Identifier code 213800GZ9WC73A92Q326
4 - Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted
a) Financial Instrument Ordinary Shares
    Identification Code SEDOL: 0006655
b) Nature of transaction Purchase through dividend reinvestment plan
c) Date Of Transaction 26 August 2016
d) Price (s) 1030.7 pence
e) Volume(s) 63
f) Aggregated information N/A
g) Place Of Transaction London Stock Exchange, Main Market (XLON)
h) Currency GBP - British Pound
Contact David Holland
Aberforth Partners LLP, Secretaries
Date of Notification 30 August 2016