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 15 September 2023 were:-

Excluding current year Revenue = 1,389.61p

Including ALL Revenue = 1,422.41p

ASCOT has bank debt facilities available to allow gearing of up to 11.9% of Shareholders' Funds. Current gearing is 4.0%. There are currently 84,489,605 Ordinary Shares of 1p in issue.

Contact: 

Michael Campbell

For and on behalf of Aberforth Partners LLP, Secretaries

Telephone: 0131 220 0733

18 September 2023