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 22 June 2020 were:-

Excluding current year Revenue = 1,034.84p

Including ALL Revenue = 1,039.48p

ASCOT has bank debt facilities available to allow gearing of up to 15.8% of Shareholders' Funds.  Current gearing is 1.8%.  There are currently 89,533,066 Ordinary Shares of 1p in issue.

Contact: 

Michael Campbell
For and on behalf of Aberforth Partners LLP, Secretaries
Telephone: [phone]

23 June 2020