Net Asset Value(s)

SMALL COMPANIES DIVIDEND TRUST PLC                                                    
                                                                                      
The Company announces:                                                                
                                                                                      
Total Assets (including unaudited revenue reserves at 30 June 2013)                   
of £32.07m                                                                            
                                                                                      
Net Assets (including unaudited revenue reserves at 30 June 2013) of £23.14m          
                                                                                      
The Net Asset Value (NAV) at 30 June 2013 was:                                        
                                                                                      
                                                              Number of shares        
                                                                      in issue        
Per Ordinary share (bid price) - including                                            
unaudited current period revenue*                142.40p            16,250,000        
Per Ordinary share (bid price) - excluding                                            
current period revenue*                          139.59p                              
Ordinary share price                             134.00p                              
Discount to NAV                                  (5.90)%                              
Ordinary shares have an undated life                                                  
                                                                                      
ZDP share                                        105.02p            8,500,000         
ZDP shares are held in a subsidiary and have a redemption date                        
of 8 January 2018                                                                     
                                                                                      
*Current period revenue covers the period 01 May 2012 to 30 June 2013                 
                                                                                      
                                                                                      
Top 20 Holdings as at 30 June 2013 was:                                               
                                                                                      
                                                                                      
             Name of company                    % of portfolio                        
                                                                                      
1            Avesco Group                       2.97                                  
2            Macfarlane Group                   2.88                                  
3            GVC Holdings                       2.66                                  
4            Marshalls                          2.49                                  
5            ISG                                2.36                                  
6            Chesnara                           2.35                                  
7            St Ives                            2.32                                  
8            Jarvis Securities                  2.32                                  
9            Sanderson Group                    2.24                                  
10           Personal Group                     2.14                                  
11           Cineworld Group                    2.13                                  
12           Randall & Quilter                  2.12                                  
13           Abbey Protection                   2.11                                  
14           Morgan Sindall                     2.10                                  
15           Braemar Shipping                   2.09                                  
16           Wilmington Group                   2.07                                  
17           Photo-Me                           2.07                                  
18           Portmeiron Group                   2.06                                  
19           Intermediate Capital Group         2.05                                  
20           Dairy Crest Group                  2.00                                  
             Balance held in 50 holdings        54.47                                 
                                                100.00