| 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 7 November 2018 were:- |
|
| Excluding current year Revenue = 1,371.28p |
| Including ALL Revenue = 1,401.55p |
|
| ASCOT has bank debt facilities available to allow gearing of up to 9.8% of Shareholders’ Funds. Current gearing is 1.0%. There are currently 90,580,311 Ordinary Shares of 1p in issue. |
|
| Contact: |
| David Holland |
| For and on behalf of Aberforth Partners LLP, Secretaries |
| Telephone: 0131 220 0733 |
| 8 November 2018 |