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 24 October 2016 were:

1084.63p  Capital only and including debt at par value
1075.05p  Capital only and including debt at fair value
1103.75p  Including current year income and debt at par value
1094.18p  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).