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Aberforth Smaller Companies Trust Plc - Net Asset Value(s)

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 2 May 2024 were:-

Excluding current year Revenue = 1,607.12p

Including ALL Revenue = 1,627.55p

ASCOT has bank debt facilities available to allow gearing of up to 4.7% of Shareholders' Funds. Current gearing is 2.5%. There are currently 84,169,605 Ordinary Shares of 1p in issue.

Contact:

Michael Campbell

For and on behalf of Aberforth Partners LLP, Secretaries

Telephone: 0131 220 0733

3 May 2024