Net Asset Value(s)

Small Companies Dividend Trust PLC                                             
                                                                               
The Company announces:                                                         
                                                                               
Total Assets (including unaudited revenue reserves at 08/05/2015) of £42.71m   
                                                                               
Net Assets (including unaudited revenue reserves at 08/05/2015) of £32.76m     
                                                                               
                                                                               
                                                                               
The Net Asset Value (NAV) at 08/05/2015 was:                                   
                                                                               
                                                                      Number of
                                                                      shares in
                                                                         issue:
                                                                               
Per Ordinary share (bid price) - including                  197.96p  16,550,000
unaudited current period revenue*                                              
                                                                               
Per Ordinary share (bid price) - excluding current          193.34p            
period revenue*                                                                
                                                                               
Ordinary share price                                        173.00p            
                                                                               
Discount to NAV                                            (12.61)%            
                                                                               
Ordinary shares have an undated life                                           
                                                                               
                                                                               
                                                                               
ZDP share                                                   116.99p   8,500,000
                                                                               
ZDP share price                                             126.00p            
                                                                               
Premium to NAV                                                7.70%            
                                                                               
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 08/05/2015             

                                                                               
                                                                               
         Name of company                                                   % of
                                                                      portfolio
                                                                               
1        Acal Plc Ordinary 5p                                              2.76
                                                                               
2        Clarke (T.) Plc Ordinary 10p                                      2.54
                                                                               
3        Connect Group Plc Ordinary 5p                                     2.54
                                                                               
4        Dairy Crest Group Plc Ordinary 25p                                2.27
                                                                               
5        Alumasc Group (The) Plc Ordinary 12.5p                            2.24
                                                                               
6        Kcom Group Plc Ordinary 10p                                       2.24
                                                                               
7        Marston's Plc Ordinary 7.375p                                     2.22
                                                                               
8        Braemar Shipping Services Plc GBp 10                              2.15
                                                                               
8        Town Centre Securities Plc REIT 25p                               2.15
                                                                               
10       GVC Holdings Plc Common EUR0.01                                   2.11
                                                                               
11       Avesco Group Plc Ordinary 10p                                     2.04
                                                                               
12       Wilmington Plc Ordinary 5p                                        2.03
                                                                               
13       Epwin Group Plc Ordinary 10p                                      2.02
                                                                               
14       Intermediate Capital Group Plc Ordinary 20p                       1.97
                                                                               
15       Stadium Group Plc Ordinary 5p                                     1.95
                                                                               
16       Majestic Wine Plc Ordinary 7.5p                                   1.85
                                                                               
17       Macfarlane Group Plc Ordinary 25p                                 1.80
                                                                               
17       Personal Group Holdings Plc Ordinary 5p                           1.80
                                                                               
19       St.Ives Plc Ordinary 10p                                          1.69
                                                                               
20       Photo-Me International Plc Ordinary 0.5p                          1.69