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 15 December 2016 were: 1120.25p Capital only and including debt at par value1110.68p Capital only and including debt at fair value1133.66p Including current year income and debt at par value1124.09p 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 shares held 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).