Net Asset Value(s)
ABERFORTH SMALLER COMPANIES TRUST plc ("ASCoT") The Net Asset Values ("NAVs") per Ordinary Share at the close of business on 30 September 2002 for the above company were: - Basic/Undiluted NAV (Warrants Unexercised) 331.57p (Excluding Current Year Revenue) Fully Diluted NAV (Warrants Exercised) 327.68p (Excluding Current Year Revenue) Basic/Undiluted NAV (Warrants Unexercised) 336.34p (Including ALL Revenue) Fully Diluted NAV (Warrants Exercised) 332.37p (Including ALL Revenue) As at 30 September 2002, ASCoT held 99 investments, the largest of which represented 3.2% of investable assets.