Aberforth Smaller Companies Trust plc (the "Company")

Refinancing of the Debt Facility

The Board of Aberforth Smaller Companies Trust plc announces that the Company has renewed the existing unsecured £125 million Revolving Debt Facility with The Royal Bank of Scotland plc for a further three years. The facility bears interest at 0.80 per cent over LIBOR and is due to expire on 15 June 2020.

For further information contact: David Holland, Aberforth Partners LLP,

Telephone: 0131 220 0733

Aberforth Partners LLP, Secretaries – 16 May 2017

Legal Entity Identifier (“LEI”):  213800GZ9WC73A92Q326