Net Asset Value(s)

Small Companies Dividend Trust PLC
The Company announces:
Total Assets (including unaudited revenue reserves at 09/10/2015) of £45.99m
Net Assets (including unaudited revenue reserves at 09/10/2015) of £35.79m
The Net Asset Value (NAV) at 09/10/2015 was:
			Number of shares in issue:
Per Ordinary share (bid price) - including unaudited current period revenue*		216.28p	16,550,000
Per Ordinary share (bid price) - excluding current period revenue*		212.15p
Ordinary share price		189.25p
Discount to NAV		(12.50)%
Ordinary shares have an undated life
ZDP share		119.90p	8,500,000
ZDP share price		126.00p
Premium to NAV		5.08%
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 09/10/2015

	Name of company	% of portfolio
1	Avesco Group Plc Ordinary 10p	3.45
2	Alumasc Group (The) Plc Ordinary 12.5p	2.81
3	Clarke (T.) Plc Ordinary 10p	2.47
4	Connect Group Plc Ordinary 5p	2.37
5	Moss Bros Group Plc Ordinary 5p	2.17
6	DX Group Plc GBP0.01	2.14
7	Kier Group PLC Ordinary 1p	2.14
8	Jarvis Securities Plc Ordinary 1p	2.14
9	Wilmington Plc Ordinary 5p	2.14
10	Town Centre Securities Plc REIT 25p	2.10
11	Belvoir Lettings Plc Ordinary	2.02
12	Kcom Group Plc Ordinary 10p	1.97
13	Marston's Plc Ordinary 7.375p	1.88
14	Braemar Shipping Services Plc GBp 10	1.84
15	GVC Holdings Plc Common EUR0.01	1.83
16	Games Workshop Group Plc Ordinary 5p	1.78
17	Photo-Me International Plc Ordinary 0.5p	1.76
18	Brown (N) Group Ordinary 11.052p	1.74
19	Acal Plc Ordinary 5p	1.74
20	Hansard Global Plc Ordinary 0.5p	1.68