Net Asset Value(s)

Aberforth Smaller Companies Trust plc (“ASCOT”)
The Net Asset Values (“NAVs”) per Ordinary Share for the above company as at the close of business on 27 August 2019 were:-
Excluding current year Revenue = 1,322.88p
Including ALL Revenue = 1,341.03p
ASCOT has bank debt facilities available to allow gearing of up to 10.4% of Shareholders’ Funds.  Current gearing is 1.0%.  There are currently 89,984,066 Ordinary Shares of 1p in issue.
Contact: 
Michael Campbell
For and on behalf of Aberforth Partners LLP, Secretaries
Telephone: 0131 220 0733
28 August 2019
UK 100