Net Asset Value(s)

NET ASSET VALUE

BLACKROCK SMALLER COMPANIES TRUST PLC
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The unaudited net asset values for BlackRock Smaller Companies Trust plc at close of business on 24 May 2017 were:

1388.54p  Capital only and including debt at par value
1379.05p  Capital only and including debt at fair value
1399.21p  Including current year income and debt at par value XD
1389.72p  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).