Net Asset Value(s)

Small Companies Dividend Trust PLC                                               
                                                                                 
The Company announces:                                                           
                                                                                 
Total Assets (including unaudited revenue reserves at 13/03/2015) of £42.06m     
                                                                                 
Net Assets (including unaudited revenue reserves at 13/03/2015) of £32.21m       
                                                                                 
                                                                                 
                                                                                 
The Net Asset Value (NAV) at 13/03/2015 was:                                     
                                                                                 
                                                                        Number of   
                                                                        shares in    
                                                                           issue:       
                                                                                 
Per Ordinary share (bid price) - including                                       
unaudited current period revenue*                    194.6p         16,550,000.00
                                                                                 
Per Ordinary share (bid price) - excluding current                               
period revenue*                                     190.32p                      
                                                                                 
Ordinary share price                                169.00p                      
                                                                                 
Discount to NAV                                    (13.16)%                     
                                                                                 
Ordinary shares have an undated life                                             
                                                                                 
                                                                                 
                                                                                 
ZDP share                                           115.95p          8,500,000.00 
                                                                                 
ZDP share price                                     126.50p                      
                                                                                 
Premium to NAV                                        9.10%                        
                                                                                 
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 13/03/2015               
                                                                                 
                                                                                 
                                                                                 

 

                                           percentage of      
         Name of company                       portfolio           
                                                               
                                                               
1        Acal Plc Ordinary 5p                       2.58                
                                                               
         Alumasc Group (The) Plc Ordinary                      
2        12.5p                                      2.46                
                                                               
                                                               
3        Clarke (T.) Plc Ordinary 10p               2.45                
                                                               
                                                               
4        Connect Group Plc Ordinary 5p              2.44                
                                                               
                                                               
5        Stadium Group Plc Ordinary 5p              2.31                
                                                               
                                                               
6        Kcom Group Plc Ordinary 10p                2.23                
                                                               
                                                               
7        GVC Holdings Plc Common EUR0.01            2.18                
                                                               
                                                               
8        Avesco Group Plc Ordinary 10p              2.10                
                                                               
                                
9        Town Centre Securities Plc REIT 25p        2.09                
                                                                
                                                               
10       Marston's Plc Ordinary 7.375p              2.00                
                                                               
                                                               
11       Wilmington Plc Ordinary 5p                 1.95                
                                                               
         Shoe Zone (Holdings) Limited                          
12       Ordinary 1p                                1.89                
                                                               
                                    
13       Personal Group Holdings Plc                1.83                
         Ordinary 5p                                                     
                              
14       Braemar Shipping Services Plc GBp 10       1.81                
                                                               
                                                               
15       Macfarlane Group Plc Ordinary 25p          1.79                
                                                               
                                     
16       Photo-Me International Plc                 1.77                
         Ordinary 0.5p                                                      
                                 
17       Intermediate Capital Group Plc             1.73                
         Ordinary 20p                                                      
                                                               
18       St.Ives Plc Ordinary 10p                   1.71                
                                                               
                                                               
19       Chesnara Plc Ordinary 5p                   1.67                
                                                               
                             
20       Dairy Crest Group Plc Ordinary 25p         1.66