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 27 January 2026 were:-

Excluding current year Revenue = 1,787.48p

Including ALL Revenue = 1,842.02p

ASCOT has bank debt facilities available to allow gearing of up to 9.7% of Shareholders' Funds.  Current gearing is 4.6%.  There are currently 79,434,105 Ordinary Shares of 1p in issue.

Contact: 

Michael Campbell

For and on behalf of Aberforth Partners LLP, Secretaries

Telephone: 0131 220 0733

28 January 2026