Key Information Document Purpose: This document provides you with key information about this investment product. It is not marketing material. The information is required by law to help you understand the nature, risks, costs, potential gains and losses of this product and to help you compare it with other products. Product Ordinary shares in abrdn UK Smaller Companies Growth Trust plc ISIN: GB0002959582 Website: www.abrdnuksmallercompaniesgrowthtrust.co.uk Document published: 25/02/2025 This product is managed by abrdn Fund Managers Limited, a firm authorised and regulated by the Financial Conduct Authority in the United Kingdom. What is this product? Type Ordinary shares in abrdn UK Smaller Companies Growth Trust plc, an actively managed investment company registered in Scotland, and listed on the London Stock Exchange. Shares of abrdn UK Smaller Companies Growth Trust plc (the “Company”) are bought and sold via markets. At any time, the price you would pay to acquire a share will normally be higher than the price at which you could sell it. The price may be at a premium or discount to the net asset value of the Company. Term The Company does not have a fixed life but may be wound up with shareholder approval, subject to compliance with relevant legal and regulatory requirements. abrdn Fund Managers Limited may not unilaterally terminate the Company. Objective The Company's investment objective is to achieve long-term capital growth by investment in a diversified portfolio consisting of around 50 individual holdings which will be mainly UK-quoted smaller companies. No holding within the portfolio should exceed 5% of total assets at the time of acquisition. The Company can borrow to invest and will operate between holding between 5% net cash and 25% of net gearing (at the time of drawdown) in normal market conditions. The Company borrows in order to purchase assets, and this may magnify any gains or losses. The Directors have set additional guidelines in order to reduce the risk borne by the portfolio: - Companies with a market capitalisation of below GBP50m should not represent more than 5% of total assets. - Companies involved in 'Blue Sky' products should not represent more than 5% of total assets. - No more than 50% of the portfolio can be invested in companies that are constituents of the FTSE AIM Index. Intended Retail Investor Investors with basic investment knowledge. Investors who understand the basics of buying and selling shares in stockmarket listed companies and the way these shares are valued. Investors who can accept large short term losses. Investors wanting a return (growth) over the longer term (5 years or more). The Company has specific and generic risks with a risk rating as per the risk indicator. The Company is intended for general sale to retail and professional investors through all distribution channels with or without professional advice. What are the risks and what could I get in return? Risk Indicator1 2 34 56 7 Lower riskHigher risk The risk indicator assumes you keep the product for 5 years. The actual risk can vary significantly if you sell it at an earlier stage. The value of investments and the income from them can go down as well as up, and you may get back less than you invested. The summary risk indicator is a guide to the level of risk of this product compared to other products. It shows how likely it is that the product will lose money because of movements in the markets or because the Company is not able to pay you. We have classified this product as 5 out of 7, which a medium-high risk class. This rates the potential losses from future performance at a medium-high level, and poor market conditions will likely impact our capacity to pay you. Further information on risks is detailed in the Company’s annual report available in the literature library on www.standardlifeuksmallercompaniestrust.co.uk/en/literature-library. This product does not include any protection from future market performance so you could lose some or all of your investment. The Company borrows/ may borrow in order to purchase assets, and this may magnify gains or losses. Shares in the Company may trade at a discount to their Net Asset Value, which may adversely affect the value of your investment, particularly when you come to sell your shares. Investment performance information The Company invests in smaller companies listed in the UK. The portfolio is actively managed in order to outperform the market over the cycle. The Company invests in equities and the performance of the Company is liable to be affected by the performance of the underlying equity markets. In addition, investment styles may be in, or out of, favour. The portfolio is domestically focused and strengthening Sterling may be beneficial to the portfolio, while weakening Sterling may lead to relative underperformance. The Company borrows to invest and this can magnify gains and losses.The share price does not always reflect the underlying net asset value (NAV) and reductions in the discount / increases in the premium of the price relative to the NAV will enhance the share price return while a widening of the discount / narrowing of the premium will reduce the return of the share price relative to the underlying NAV. The Company has no benchmark, but the most relevant Reference Index for the Company is the Numis Smaller Companies plus AIM excluding Investment Companies Index and most of the holdings in the portfolio are likely to be drawn from its constituents. The portfolio is actively managed meaning that the weighting of holdings reflects the manager's conviction, rather than the stock's weighting in the index. Performance and volatility can be expected to vary significantly, both positively and negatively, from that of the Reference Index. What could affect my return positively? Conditions that favour smaller companies may be beneficial to the return of the portfolio relative to that of the Reference Index. Good stock selection may deliver positive relative performance. The portfolio may increase in value if UK equities are generally rising. Movements in exchange rates relative Page 1 of 3 to Sterling may affect returns. Changes in political, geopolitical or market conditions may increase the appeal of particular markets and the value of investments. There may be times when the UK market and / or smaller companies are in favour relative to other markets leading to outperformance of the Company relative to companies invested in other markets. Gearing may also enhance returns relative to the Index, particularly if interest rates are low or falling. Improving sentiment towards the Company and / or to the sector may lead to a narrowing of the discount of the share price to the NAV, or an increase in the premium of the share price to the NAV. What could affect my return negatively? Conditions that favour larger companies may be detrimental to the return of the portfolio relative to that of the Reference Index. Poor stock selection may lead to negative relative performance. The portfolio may decline in value if UK equities are generally falling. Movements in exchange rates relative to Sterling may affect returns. Changes in political, geopolitical or market conditions may cause the portfolio to underperform. There may be times when the UK market and / or smaller companies are out of favour relative to other markets leading to underperformance of the Company relative to companies invested in other markets. Gearing may also detract from returns relative to the Index, particularly if interest rates are high.A widening of the discount of the share price to the NAV, or a reduction in the premium of the share price to the NAV can negatively affect the share price return relative to the performance of the value of the Company. The Company is a listed Investment Company and is not subject to redemptions / subscriptions. However, in the event that the Company is wound up under severely adverse market conditions, the reported NAV at the time of the decision may significantly overstate the realisable value of the portfolio meaning that the amounts distributed per share may be less than the reported NAV. The liquidity profile of the portfolio at the time may affect the degree of discount that would be end up being applied. The Company currently has borrowings which would need to be repaid prior to any distribution to shareholders. The repayment cost may be above the carrying value in the accounts and penalties may also be applied for early repayment. What happens if the Company is unable to pay out? As a shareholder of the Company you would not be able to make a claim to the Financial Services Compensation Scheme in the event that the Company is unable to pay any dividends due to you, or if it were unable to pay any amounts due to you on the winding up of the Company. What are the costs? This disclosure has been prepared with reference to the Financial Conduct Authority’s Statement on forbearance in relation to investment trust disclosure requirements dated 19 September 2024. It does not seek to comply with the requirements of the PRIIPS Regulation in this regard. Further relevant information is disclosed in the Company’s Statement of Operating Expenses which can be found by clicking <here>. The Reduction in Yield (RIY) shows what impact the total costs you pay will have on the investment return you might get. The total costs take into account one-off, ongoing and incidental costs. The figures are estimates and may change in the future. We have not included operating costs, which are paid by the Company, on the basis that the return that you may receive will depend on the Company’s share price performance and there is no direct link between the Company’s share price and the costs that it pays. The operating costs incurred by the Company (together with other market factors) can affect the share price of the Company. The amounts shown here are the cumulative costs of the product itself, for three different holding periods. They include potential early exit penalties. The figures assume you invest 10,000 GBP. The figures are estimates and may change in the future. The person selling you or advising you about this product may charge you other costs. If so, this person will provide you with information about these costs, and show you the impact that all costs will have on your investment over time. Costs over time Investment 10,000 GBP ScenariosIf you cash in after 1 year If you cash in after 3 years If you cash in after 5 years Total costs 0 GBP0 GBP 0 GBP Impact on return (RIY) per year 0.0% 0.0% 0.0% Composition of costs The table below shows the impact each year of the different types of costs on the investment return you might get at the end of the recommended holding period and, what the different cost categories mean.No entry costs are payable to the Company or its investment manager Entry costs0.00% when you acquire ordinary shares, although you may be required to payyour own broker fees or commissions. One-off costsNo exit costs are payable to the Company or its investment manager Exit costs 0.00% when you dispose of ordinary shares, although you may be required topay your own broker fees or commissions.No portfolio transaction costs, relating to the buying and selling ofunderlying investments, are payable by you to the Company or itsinvestment manager. You should be aware that portfolio transaction Portfolio transaction costs0.00%costs are incurred by the Company, as set out in the Company’s AnnualReport and Accounts and the Statement of Expenses each of which canbe found on the Company’s website. Ongoing costsNo management or advisory fees are payable by you to the Company, itsinvestment manager or other service providers including its operationsmanager. You should be aware that management and advisory costs are Other ongoing costs0.00%incurred by the Company as set out in the Company’s Annual Report andAccounts and the Statement of Expenses each of which can be found onthe Company’s website.Performance fees 0.00% The Company does not pay a performance fee. Incidental costsCarried Interests 0.00% The Company does not pay carried interest. How long should I hold it and can I take money out early? Recommended holding period : 5 years This product has no required minimum holding period but is designed for long-term investment; you should have an investment horizon of at least 5 years. As the shares are listed on the London Stock Exchange, you may buy or sell shares on any normal business day that the London Stock Exchange is open for business.Page 2 of 3 How can I complain? If you have any complaints about the Company, the KID or the conduct of the manufacturer, you can refer to the 'Contact Us' section of the Manager’s website www.invtrusts.co.uk or you may lodge your complaint by emailing us at complaints.trusts@abrdn.com. Complaints regarding the conduct of the person(s) advising on or selling the product should be addressed to the person(s) or to their organisation. Other relevant information The cost and risk calculations included in this KID are based on prescribed methodologies. The data used in these calculations and the specific methodology applied may change in the future. Further information on the Company’s investment policies, the types of assets in which the Company may invest, the markets in which it invests, borrowing limits as well as details of its management, administration and depositary arrangements can be found in the Company’s Annual Report and Pre-Investment Disclosure Document on the Company’s website www.abrdnuksmallercompaniesgrowthtrust.co.uk. Paper copies of these documents are available on request, free of charge, via the contact details above. Depending on how you buy your shares you may incur other costs, including broker commission, platform fees and Stamp Duty. The distributor will provide you with additional documents where necessary. Page 3 of 3