| 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 30 March 2017 were:- |
|
| Excluding current year Revenue = 1,391.26p |
| Including ALL Revenue = 1,397.44p |
|
| ASCOT has bank debt facilities available to allow gearing of up to 9.5% of Shareholders’ Funds. Current gearing is 0.0%. There are currently 94,337,292 Ordinary Shares of 1p in issue. |
|
| Contact: |
| David Holland |
| For and on behalf of Aberforth Partners LLP, Secretaries |
| Telephone: 0131 220 0733 |
| 31 March 2017 |