Net Asset Value(s)

NET ASSET VALUE

BLACKROCK SMALLER COMPANIES TRUST PLC
549300MS535KC2WH4082

The unaudited net asset values for BlackRock Smaller Companies Trust plc at
close of business on 17 April 2018 were:

1506.98p  Capital only and including debt at par value
1499.44p  Capital only and including debt at fair value
1531.54p  Including current year income and debt at par value
1524.00p  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).

4.       Effective 17th April 2018 the Company will pay an investment
management fee calculated at a rate of 0.60% on the first £750 million of total
assets less current liabilities, reducing to 0.50% thereafter; and a
performance fee will no longer be paid.

The change has been backdated to the beginning of the Company's accounting
year, 1st March 2018.  This change in fee structure has contributed to an
increase of 4.14p (00.27%) in the Company's net asset value as at 17th April
2018.