Net Asset Value(s)

ABERFORTH SMALLER COMPANIES TRUST plc ("ASCoT")


Net Asset Values ("NAVs") per Ordinary Share for the above
company - calculated using a bid pricing basis for the
securities held on the company's portfolio - as at the close of
business on 11 February 2010 were:-

Excluding Current Year Revenue = 596.26p

Including ALL Revenue = 596.65p

As at 11 February 2010, ASCoT held 87 investments, the largest
of which represented 2.9% of total Shareholders' Funds.  The
market value of investments was £630.5m and total Shareholders'
Funds were £578.0m. Details of the top 50 holdings, the
portfolio's sectoral composition and other general information
can be found on the Aberforth website at
http://www.aberforth.co.uk.

ASCoT has bank debt facilities available to allow gearing of up
to 13.0% of Shareholders' Funds.  Current gearing is 9.1%.

The number of Ordinary Shares of 1p currently in issue is
96,867,000.

Dividends are paid, semi-annually, to Ordinary Shareholders with
the first interim announced each July and paid in August and the
second interim announced each January and paid in February.



Contact - David Holland (Tel: [phone])
Aberforth Partners LLP, Secretaries - 12 February 2010
ANNOUNCEMENT ENDS