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 24 March 2023 were:

1,416.98p Capital only and including debt at par value
1,458.97p Capital only and including debt at fair value
1,445.12p Including current year income and debt at par value
1,487.12p Including current year income and debt at fair value

Notes:

1.        Investments have been valued on a bid price basis.

2.        Following the share buyback of 15,000 Ordinary shares on 23rd March
2023, the Company has 48,669,792 Ordinary Shares in issue, excluding 1,323,731
shares held in Treasury.

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).