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 22 March 2019 were:-
Excluding current year Revenue = 1,345.00p
Including ALL Revenue = 1,348.80p
ASCOT has bank debt facilities available to allow gearing of up to 10.2% of Shareholders’ Funds.  Current gearing is 1.3%.  There are currently 90,566,351 Ordinary Shares of 1p in issue.
Contact: 
David Holland
For and on behalf of Aberforth Partners LLP, Secretaries
Telephone: 0131 220 0733
25 March 2019
UK 100