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 12 November 2015 were:-
Excluding current year Revenue = 1,220.45p
Including ALL Revenue = 1,244.71p
ASCOT has bank debt facilities available to allow gearing of up to 10.6% of Shareholders’ Funds.  Current gearing is 0.7%.  There are currently 95,023,792 Ordinary Shares of 1p in issue.
Contact – David Holland (Tel: 0131 220 0733)
Aberforth Partners LLP, Secretaries – 13 November 2015
UK 100

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