NET ASSET VALUE

BLACKROCK SMALLER COMPANIES TRUST PLC
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The unaudited net asset values for BlackRock Smaller Companies Trust plc at close of business on 22 September 2020 were:

1361.86p  Capital only and including debt at par value
1342.38p  Capital only and including debt at fair value
1366.95p  Including current year income and debt at par value
1347.48p  Including current year income and debt at fair value

Notes:

1.        Investments have been valued on a bid price basis.

2.        Following the share issuance of 100,000 ordinary shares on 10th January 2020, the Company has 48,829,792 ordinary shares in issue, excluding 1,163,731  which are held in treasury.

3.        For the latest daily net asset value, previous month end performance statistics, asset allocation and ten largest holdings of the BlackRock managed Investment Trusts; see BLRKINDEX on Reuters or page 8800 on ICB (Topic 3).