Net Asset Value(s)

Small Companies Dividend Trust PLC
The Company announces:
Total Assets (including unaudited revenue reserves at 07/08/2015) of £45.94m
Net Assets (including unaudited revenue reserves at 07/08/2015) of £35.85m
The Net Asset Value (NAV) at 07/08/2015 was:
					Number of shares in issue:
Per Ordinary share (bid price) - including unaudited current period revenue*		216.61p			16,550,000
Per Ordinary share (bid price) - excluding current period revenue*		212.73p
Ordinary share price		180.50p
Discount to NAV		(16.67)%
Ordinary shares have an undated life
ZDP share		118.70p			8,500,000
ZDP share price		125.13p
Premium to NAV		5.41%
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 07/08/2015
	Name of company		% of portfolio
1	Avesco Group Plc Ordinary 10p		3.34
2	Clarke (T.) Plc Ordinary 10p		2.53
3	Connect Group Plc Ordinary 5p		2.52
4	Jarvis Securities Plc Ordinary 1p		2.33
5	Alumasc Group (The) Plc Ordinary 12.5p		2.29
6	Kier Group PLC Ordinary 1p		2.23
7	Kcom Group Plc Ordinary 10p		2.13
8	Braemar Shipping Services Plc GBp 10		2.09
9	Dairy Crest Group Plc Ordinary 25p		2.01
10	Town Centre Securities Plc REIT 25p		2.01
11	Wilmington Plc Ordinary 5p		1.99
12	Acal Plc Ordinary 5p		1.94
13	Marston's Plc Ordinary 7.375p		1.91
14	GVC Holdings Plc Common EUR0.01		1.91
15	Games Workshop Group Plc Ordinary 5p		1.85
16	DX Group Plc GBP0.01		1.84
17	Macfarlane Group Plc Ordinary 25p		1.80
18	Stadium Group Plc Ordinary 5p		1.76
19	Brown (N) Group Ordinary 11.052p		1.74
20	Hansard Global Plc Ordinary 0.5p		1.73