Aberforth Smaller Companies Trust plc ("ASCOT")The Net Asset Values ("NAVs") per Ordinary Share for the above company as atthe close of business on 16 October 2014 were:-Excluding current year Revenue = 1,070.05pIncluding ALL Revenue = 1,084.24pASCOT has bank debt facilities available to allow gearing of up to 12.1% ofShareholders' Funds. Current gearing is 0.9%. There are currently 95,344,792Ordinary Shares of 1p in issue.Contact - David Holland (Tel: 0131 220 0733)Aberforth Partners LLP, Secretaries - 17 October 2014