| 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 28 February 2018 were:- |
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| Excluding current year Revenue = 1,445.48p |
| Including ALL Revenue = 1,447.56p |
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| ASCOT has bank debt facilities available to allow gearing of up to 9.3% of Shareholders’ Funds. Current gearing is 0.8%. There are currently 92,702,637 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 |
| 1 March 2018 |