Aberforth Smaller Companies Trust plc ("ASCOT")The Net Asset Values ("NAVs") per Ordinary Share for the above company as atthe close of business on 30 April 2014 were:-Excluding current year Revenue = 1,194.85pIncluding ALL Revenue = 1,203.74pASCOT has bank debt facilities available to allow gearing of up to 8.7% ofShareholders' Funds. Current gearing is 2.1%. There are currently 95,382,792Ordinary Shares of 1p in issue.Contact - David Holland (Tel: 0131 220 0733)Aberforth Partners LLP, Secretaries - 1 May 2014