Aberforth Smaller Companies Trust plc ("ASCOT")The Net Asset Values ("NAVs") per Ordinary Share for the above company as atthe close of business on 11 May 2015 were:-Excluding current year Revenue = 1,267.68pIncluding ALL Revenue = 1,281.77pASCOT has bank debt facilities available to allow gearing of up to 10.2% ofShareholders' Funds. Current gearing is 0.4%. There are currently 95,284,792Ordinary Shares of 1p in issue.Contact - David Holland (Tel: 0131 220 0733)Aberforth Partners LLP, Secretaries - 12 May 2015