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 November 2015 were:
1026.40p  Capital only and including debt at par value 
1016.17p  Capital only and including debt at fair value 
1037.52p  Including current year income and debt at par value XD
1027.29p  Including current year income and debt at fair value XD
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).