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 15 July 2016 were:

957.66p  Capital only and including debt at par value
948.08p  Capital only and including debt at fair value
970.90p  Including current year income and debt at par value
961.32p  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).