Aberforth Smaller Companies Trust plc ("ASCOT")The Net Asset Values ("NAVs") per Ordinary Share for the above company as atthe close of business on 22 April 2015 were:-Excluding current year Revenue = 1,246.35pIncluding ALL Revenue = 1,255.93pASCOT has bank debt facilities available to allow gearing of up to 10.4% ofShareholders' Funds. Current gearing is 2.3%. There are currently 95,284,792Ordinary Shares of 1p in issue.Contact - David Holland (Tel: 0131 220 0733)Aberforth Partners LLP, Secretaries - 23 April 2015