Net Asset Value(s)

Small Companies Dividend Trust PLC
The Company announces:
Total Assets (including unaudited revenue reserves at 06/11/2015) of £46.88m
Net Assets (including unaudited revenue reserves at 06/11/2015) of £36.65m
The Net Asset Value (NAV) at 06/11/2015 was:
		Number of shares in issue:
Per Ordinary share (bid price) - including unaudited current period revenue*	221.42p	16,550,000
Per Ordinary share (bid price) - excluding current period revenue*	216.63p
Ordinary share price	190.50p
Discount to NAV	(13.97)%
Ordinary shares have an undated life
ZDP share	120.44p	8,500,000
ZDP share price	126.50p
Premium to NAV	5.03%
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 06/11/2015

	Name of company		% of portfolio
1	Avesco Group Plc Ordinary 10p		3.42
2	Connect Group Plc Ordinary 5p		2.51
3	Clarke (T.) Plc Ordinary 10p		2.46
4	Alumasc Group (The) Plc Ordinary 12.5p		2.45
5	Moss Bros Group Plc Ordinary 5p		2.08
6	Town Centre Securities Plc REIT 25p		2.05
7	Jarvis Securities Plc Ordinary 1p		2.03
8	Kier Group PLC Ordinary 1p		2.02
9	DX Group Plc GBP0.01		2.01
10	Braemar Shipping Services Plc GBp 10		1.99
11	Wilmington Plc Ordinary 5p		1.99
12	Coral Products Plc Ordinary 1p		1.98
13	Brown (N) Group Ordinary 11.052p		1.98
14	Belvoir Lettings Plc Ordinary		1.96
15	Kcom Group Plc Ordinary 10p		1.93
16	Marston's Plc Ordinary 7.375p		1.87
17	Games Workshop Group Plc Ordinary 5p		1.78
18	Shoe Zone (Holdings) Limited Ordinary 1p		1.78
19	Acal Plc Ordinary 5p		1.73
20	Hansard Global Plc Ordinary 0.5p		1.73