Aberforth Smaller Companies Trust plc ("ASCOT")The Net Asset Values ("NAVs") per Ordinary Share for the above company as atthe close of business on 3 July 2014 were:-Excluding current year Revenue = 1,191.54pIncluding ALL Revenue = 1,206.25pASCOT has bank debt facilities available to allow gearing of up to 10.9% ofShareholders' Funds. Current gearing is 2.4%. There are currently 95,364,792Ordinary Shares of 1p in issue.Contact - David Holland (Tel: 0131 220 0733)Aberforth Partners LLP, Secretaries - 4 July 2014