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 November 2017 were:-
Excluding current year Revenue = 1,473.88p
Including ALL Revenue = 1,502.77p
ASCOT has bank debt facilities available to allow gearing of up to 8.9% of Shareholders’ Funds.  Current gearing is 0.0%.  There are currently 93,218,197 Ordinary Shares of 1p in issue.
Contact: 
David Holland
For and on behalf of Aberforth Partners LLP, Secretaries
Telephone: 0131 220 0733
21 November 2017

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