Net Asset Value(s)

NET ASSET VALUE

BLACKROCK SMALLER COMPANIES TRUST PLC

The unaudited net asset values for BlackRock Smaller Companies Trust
plc at close of business on 20 July 2015 were:

 1035.38p   Capital only and including debt at par value
 1024.83p   Capital only and including debt at fair value
 1047.85p   Including current year income and debt at par value 
 1037.30p   Including current year income and debt at fair value 

Notes:

1.	Investments have been valued on a bid price basis.

2.	The total number of ordinary shares in issue excluding treasury
shares is 47,879,792. The total amount of ordinary shares held in treasury
is 2,113,731.

3.	For the latest daily net asset value, previous month end performance
statistics, asset allocation and ten largest holdings of the BlackRock
managed Investment Trusts; see BLRKINDEX on Reuters or page 8800 on ICB (Topic 3).