Net Asset Value(s)
ABERFORTH SMALLER COMPANIES TRUST plc ("ASCoT") The Net Asset Values ("NAVs") per Ordinary Share at the close of business on 11 December 2002 for the above company were: - Basic/Undiluted NAV (Warrants Unexercised) 336.09p (Excluding Current Year Revenue) Fully Diluted NAV (Warrants Exercised) 333.30p (Excluding Current Year Revenue) Basic/Undiluted NAV (Warrants Unexercised) 343.15p (Including ALL Revenue) Fully Diluted NAV (Warrants Exercised) 340.27p (Including ALL Revenue) As at 11 December 2002, ASCoT held 101 investments, the largest of which represented 3.2% of investable assets. The