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 5 December 2018 were:-
Excluding current year Revenue = 1,312.80p
Including ALL Revenue = 1,345.81p
ASCOT has bank debt facilities available to allow gearing of up to 10.3% of Shareholders’ Funds.  Current gearing is 0.0%.  There are currently 90,580,311 Ordinary Shares of 1p in issue.
Contact: 
David Holland
For and on behalf of Aberforth Partners LLP, Secretaries
Telephone: 0131 220 0733
6 December 2018
UK 100