Net Asset Value(s)

Small Companies Dividend Trust PLC                                             
                                                                               
The Company announces:                                                         
                                                                               
Total Assets (including unaudited revenue reserves at 27/02/2015) of £42.24m   
                                                                               
Net Assets (including unaudited revenue reserves at 27/02/2015) of £32.41m     
                                                                               
                                                                               
                                                                               
The Net Asset Value (NAV) at 27/02/2015 was:                                   
                                                                               
                                                                      Number of
                                                                      shares in
                                                                         issue:
                                                                               
Per Ordinary share (bid price) - including               195.81p  16,550,000.00
unaudited current period revenue*                                              
                                                                               
Per Ordinary share (bid price) - excluding current       192.25p               
period revenue*                                                                
                                                                               
Ordinary share price                                     170.00p               
                                                                               
Discount to NAV                                         (13.18)%               
                                                                               
Ordinary shares have an undated life                                           
                                                                               
                                                                               
                                                                               
ZDP share                                                115.69p   8,500,000.00
                                                                               
ZDP share price                                          126.50p               
                                                                               
Premium to NAV                                             9.34%               
                                                                               
ZDP shares are held in a subsidiary and have a redemption date of 08/01/2018   
                                                                               
                                                                               
                                                                               
*Current period revenue covers the period 01/05/2014 to 27/02/2015             

                                                                       
                                                                       
       Name of company                                   % of portfolio
                                                                       
     1 Clarke (T.) Plc Ordinary 10p                                2.68
                                                                       
     2 Connect Group Plc Ordinary 5p                               2.49
                                                                       
     3 Acal Plc Ordinary 5p                                        2.44
                                                                       
     4 Alumasc Group (The) Plc Ordinary 12.5p                      2.35
                                                                       
     5 Stadium Group Plc Ordinary 5p                               2.27
                                                                       
     6 GVC Holdings Plc Common EUR0.01                             2.24
                                                                       
     7 Kcom Group Plc Ordinary 10p                                 2.17
                                                                       
     8 Town Centre Securities Plc REIT 25p                         2.06
                                                                       
     9 Marston's Plc Ordinary 7.375p                               1.99
                                                                       
    10 Avesco Group Plc Ordinary 10p                               1.96
                                                                       
    11 Shoe Zone (Holdings) Limited Ordinary 1p                    1.91
                                                                       
    12 Braemar Shipping Services Plc GBp 10                        1.91
                                                                       
    13 Wilmington Plc Ordinary 5p                                  1.90
                                                                       
    14 Tritax Big Box REIT Plc                                     1.88
                                                                       
    15 Personal Group Holdings Plc Ordinary 5p                     1.82
                                                                       
    16 St.Ives Plc Ordinary 10p                                    1.78
                                                                       
    17 Dairy Crest Group Plc Ordinary 25p                          1.77
                                                                       
    18 Photo-Me International Plc Ordinary 0.5p                    1.76
                                                                       
    19 Intermediate Capital Group Plc Ordinary 20p                 1.74
                                                                       
    20 Chesnara Plc Ordinary 5p                                    1.72