Net Asset Value(s)

SMALL COMPANIES DIVIDEND TRUST PLC                                                    
                                                                                      
The Company announces:                                                                
                                                                                      
Total Assets (including unaudited revenue reserves at 31 July 2013)                   
of £34.08m                                                                            
                                                                                      
Net Assets (including unaudited revenue reserves at 31 July 2013) of £25.11m          
                                                                                      
The Net Asset Value (NAV) at 31 July 2013 was:                                        
                                                                                      
                                                              Number of shares        
                                                                      in issue        
Per Ordinary share (bid price) - including                                            
unaudited current period revenue*                154.52p            16,250,000        
Per Ordinary share (bid price) - excluding                                            
current period revenue*                          151.60p                              
Ordinary share price                             138.00p                              
Discount to NAV                                  (10.69)%                             
Ordinary shares have an undated life                                                  
                                                                                      
ZDP share                                        105.54p            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 2013 to 31 July 2013                 
                                                                                      
                                                                                      
Top 20 Holdings as at 31 July 2013 was:                                               
                                                                                      
                                                                                      
             Name of company                    % of portfolio                        
                                                                                      
1            Macfarlane Group                   2.92                                  
2            Avesco Group                       2.84                                  
3            Jarvis Securities                  2.80                                  
4            GVC Holdings                       2.76                                  
5            Marshalls                          2.70                                  
6            St Ives                            2.41                                  
7            ISG                                2.32                                  
8            Chesnara                           2.28                                  
9            Cineworld Group                    2.21                                  
10           Morgan Sindall                     2.17                                  
11           Sanderson Group                    2.15                                  
12           Intermediate Capital Group         2.15                                  
13           Personal Group                     2.11                                  
14           Dairy Crest Group                  2.10                                  
15           Braemar Shipping                   2.10                                  
16           Photo-Me                           2.07                                  
17           Alumasc Group                      2.04                                  
18           Randall & Quilter                  2.03                                  
19           Smiths News                        2.00                                  
20           Abbey Protection                   1.96                                  
             Balance held in 51 holdings        53.88                                 
                                                100.00