Annual Financial Report

Dunedin Smaller Companies Investment Trust PLC

LEI: 213800CI43OQT8KBKE03

Annual Report for the Year Ended 31 October 2017

A copy of the above document has been submitted to the National Storage Mechanism ("NSM") and will shortly be available for inspection at: www.morningstar.co.uk/uk/NSM*.

A copy of the document, together with the Pre-Investment Disclosure Document (per Article 23 AIFMD/Rule 3.2 FCA FUND Sourcebook), is also available for download from the Company's website, www.dunedinsmaller.co.uk*.

*Neither the NSM website nor the Company's website nor the content of any website accessible from hyperlinks on those websites (or any other website) is (or is deemed to be) incorporated into, or forms (or is deemed to form) part of this announcement.

For further information, please contact:

Aberdeen Asset Management PLC

Secretaries

0131 528 4000