Net Asset Value(s)

NET ASSET VALUE BLACKROCK SMALLER COMPANIES TRUST PLC The unaudited net asset values for BlackRock Smaller Companies Trust plc atclose of business on 20 January 2017 were: 1177.71p Capital only and including debt at par value1168.15p Capital only and including debt at fair value1191.90p Including current year income and debt at par value1182.33p Including current year income and debt at fair value Notes: 1. Investments have been valued on a bid price basis. 2. The total number of ordinary shares in issue excluding treasuryshares is 47,879,792. The total amount of ordinary sharesheld in treasury is 2,113,731. 3. For the latest daily net asset value, previous month end performancestatistics, asset allocation and ten largest holdings of the BlackRock managedInvestment Trusts; see BLRKINDEX on Reuters or page 8800 on ICB (Topic 3).