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 3 December 2025 were:-

Excluding current year Revenue = 1,672.18p

Including ALL Revenue = 1,719.94p

ASCOT has bank debt facilities available to allow gearing of up to 10.8% of Shareholders' Funds. Current gearing is 4.2%. There are currently 80,005,605 Ordinary Shares of 1p in issue.

Contact:  

Michael Campbell

For and on behalf of Aberforth Partners LLP, Secretaries

Telephone: 0131 220 0733

4 December 2025