Net Asset Value(s)

Small Companies Dividend Trust PLC                                             
                                                                               
The Company announces:                                                         
                                                                               
Total Assets (including unaudited revenue reserves at 10/04/2015) of £42.42m   
                                                                               
Net Assets (including unaudited revenue reserves at 10/04/2015) of £32.52m     
                                                                               
                                                                               
                                                                               
The Net Asset Value (NAV) at 10/04/2015 was:                                   
                                                                               
                                                                      Number of
                                                                      shares in
                                                                         issue:
                                                                               
Per Ordinary share (bid price) - including                  196.47p  16,550,000
unaudited current period revenue*                                              
                                                                               
Per Ordinary share (bid price) - excluding current           192.9p            
period revenue*                                                                
                                                                               
Ordinary share price                                        164.50p            
                                                                               
Discount to NAV                                            (16.27)%            
                                                                               
Ordinary shares have an undated life                                           
                                                                               
                                                                               
                                                                               
ZDP share                                                   116.47p   8,500,000
                                                                               
ZDP share price                                             126.25p            
                                                                               
Premium to NAV                                                8.40%            
                                                                               
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 10/04/2015             
                                                                               
                                                                               

         Name of company                            % of
                                               portfolio
                                                        
   1     Clarke (T.) Plc Ordinary 10p               2.53
                                                        
   2     Acal Plc Ordinary 5p                       2.50
                                                        
   3     Connect Group Plc Ordinary 5p              2.47
                                                        
   4     Alumasc Group (The) Plc Ordinary           2.40
         12.5p                                          
                                                        
   5     Town Centre Securities Plc REIT 25p        2.22
                                                        
   6     Kcom Group Plc Ordinary 10p                2.22
                                                        
   7     Stadium Group Plc Ordinary 5p              2.21
                                                        
   8     GVC Holdings Plc Common EUR0.01            2.15
                                                        
   9     Marston's Plc Ordinary 7.375p              2.11
                                                        
  10     Avesco Group Plc Ordinary 10p              2.08
                                                        
  11     Braemar Shipping Services Plc GBp 10       2.08
                                                        
  12     Intermediate Capital Group Plc             1.95
         Ordinary 20p                                   
                                                        
  13     Dairy Crest Group Plc Ordinary 25p         1.91
                                                        
  14     Wilmington Plc Ordinary 5p                 1.90
                                                        
  15     Macfarlane Group Plc Ordinary 25p          1.86
                                                        
  16     Shoe Zone (Holdings) Limited               1.85
         Ordinary 1p                                    
                                                        
  17     Personal Group Holdings Plc Ordinary       1.81
         5p                                             
                                                        
  18     Photo-Me International Plc Ordinary        1.76
         0.5p                                           
                                                        
  19     Novae Group Plc Ordinary 100p              1.75
                                                        
  20     St.Ives Plc Ordinary 10p                   1.66