ABERFORTH SMALLER COMPANIES TRUST PLC 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 | |
| Name of natural person | Richard Davidson |
| 2 - Reason for the notification | |
| Position/status | Director |
| Initial notification/amendment | Initial Notification |
| 3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
| Full name of the entity | Aberforth Smaller Companies Trust plc |
| 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 | |
| Financial Instrument | Ordinary Shares |
| Identification Code | SEDOL: 0006655 |
| Nature of transaction | Purchase |
| Date Of Transaction | 1 March 2019 |
| Price (s) | 1,260.055 pence |
| Volume(s) | 5,000 |
| Aggregated information | N/A |
| Place Of Transaction | London Stock Exchange, Main Market (XLON) |
| Currency | GBP - British Pound |
| 5 - Total holding following this notification | 8,000 |
| Contact | Michael Campbell |
| Aberforth Partners LLP, Secretaries | |
| Date of Notification | 1 March 2019 |
