TIDMASL 
 
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 20 January 2015 were:- 
 
Excluding current year Revenue = 1,147.75p 
 
Including ALL Revenue = 1,168.51p 
 
ASCOT has bank debt facilities available to allow gearing of up to 11.2% of 
Shareholders' Funds. Current gearing is 1.5%. There are currently 95,344,792 
Ordinary Shares of 1p in issue. 
 
Contact - David Holland (Tel: 0131 220 0733) 
 
Aberforth Partners LLP, Secretaries - 21 January 2015 
 
 
 
END 
 

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