Net Asset Value(s)

Small Companies Dividend Trust PLC                                                              
                                                                                                
The Company announces:                                                                          
                                                                                                
Total Assets (including unaudited revenue reserves at 20/03/2015) of £41.98m                    
                                                                                                
Net Assets (including unaudited revenue reserves at 20/03/2015) of £32.11m                      
                                                                                                
                                                                                                
                                                                                                
The Net Asset Value (NAV) at 20/03/2015 was:                                                    
                                                                                                
                                                                             Number of shares in
                                                                                          issue:
                                                                                                
Per Ordinary share (bid price) - including unaudited current period                             
revenue*                                                             194.04p            16550000
                                                                                                
Per Ordinary share (bid price) - excluding current period revenue*   191.23p                    
                                                                                                
Ordinary share price                                                 168.75p                    
                                                                                                
Discount to NAV                                                     (13.03)%                    
                                                                                                
Ordinary shares have an undated life                                                            
                                                                                                
                                                                                                
                                                                                                
ZDP share                                                            116.08p             8500000
                                                                                                
ZDP share price                                                      126.75p                    
                                                                                                
Premium to NAV                                                         9.19%                    
                                                                                                
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 20/03/2015                              
                                                                                                
                                                                                                
                                                                                                

 

     Name of company                             % of portfolio
                                                               
 1   Connect Group Plc Ordinary 5p                         2.62
                                                               
 2   Acal Plc Ordinary 5p                                  2.55
                                                               
 3   Alumasc Group (The) Plc Ordinary 12.5p                2.37
                                                               
 4   Clarke (T.) Plc Ordinary 10p                          2.35
                                                               
 5   Kcom Group Plc Ordinary 10p                           2.27
                                                               
 6   Stadium Group Plc Ordinary 5p                         2.26
                                                               
 7   GVC Holdings Plc Common EUR0.01                       2.16
                                                               
 8   Town Centre Securities Plc REIT 25p                   2.14
                                                               
 9   Avesco Group Plc Ordinary 10p                         2.06
                                                               
10   Marston's Plc Ordinary 7.375p                         1.98
                                                               
11   Wilmington Plc Ordinary 5p                            1.93
                                                               
12   Macfarlane Group Plc Ordinary 25p                     1.87
                                                               
13   Shoe Zone (Holdings) Limited Ordinary 1p              1.87
                                                               
14   Braemar Shipping Services Plc GBp 10                  1.82
                                                               
15   Personal Group Holdings Plc Ordinary 5p               1.81
                                                               
16   Photo-Me International Plc Ordinary 0.5p              1.77
                                                               
17   Intermediate Capital Group Plc Ordinary 20p           1.74
                                                               
18   Novae Group Plc Ordinary 100p                         1.69
                                                               
19   Epwin Group Plc Ordinary 10p                          1.67
                                                               
20   Randall & Quilter Investment GBp2                     1.63
                                                               
20   St.Ives Plc Ordinary 10p                              1.63