Aberforth Smaller Companies Trust plc ("ASCOT")The Net Asset Values ("NAVs") per Ordinary Share for the above company as atthe close of business on 19 January 2015 were:-Excluding current year Revenue = 1,143.07pIncluding ALL Revenue = 1,163.87pASCOT has bank debt facilities available to allow gearing of up to 11.3% ofShareholders' Funds. Current gearing is 1.6%. There are currently 95,344,792Ordinary Shares of 1p in issue.Contact - David Holland (Tel: 0131 220 0733)Aberforth Partners LLP, Secretaries - 20 January 2015