| Aberforth Smaller Companies Trust plc (“ASCOT”) |
|
| The Net Asset Values (“NAVs”) per Ordinary Share for the above company as at the close of business on 9 January 2017 were:- |
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| Excluding current year Revenue = 1,291.49p |
| Including ALL Revenue = 1,320.75p |
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| ASCOT has bank debt facilities available to allow gearing of up to 10.0% of Shareholders’ Funds. Current gearing is 2.7%. There are currently 94,403,292 Ordinary Shares of 1p in issue. |
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| Contact: |
| David Holland |
| For and on behalf of Aberforth Partners LLP, Secretaries |
| Telephone: 0131 220 0733 |
| 10 January 2017 |