Net Asset Value(s)

Small Companies Dividend Trust PLC
The Company announces:
Total Assets (including unaudited revenue reserves at 26/02/2016) of £45.4m
Net Assets (including unaudited revenue reserves at 26/02/2016) of £34.97m
The Net Asset Value (NAV) at 26/02/2016 was:
		Number of shares in issue:
Per Ordinary share (bid price) - including unaudited current period revenue*	211.33p	16,550,000
Per Ordinary share (bid price) - excluding current period revenue*	206.31p
Ordinary share price	185.00p
Discount to NAV	(12.46)%
Ordinary shares have an undated life
ZDP share	122.61p	8,500,000
ZDP share price	127.00p
Premium to NAV	3.58%
ZDP shares are held in a subsidiary and have a redemption date of 08/01/2018
*Current period revenue covers the period 01/05/2015 to 26/02/2016

	Name of company		% of portfolio
1	Avesco Group Plc Ordinary 10p		3.46
2	Coral Products Plc Ordinary 1p		2.82
3	Connect Group Plc Ordinary 5p		2.37
4	Games Workshop Group Plc Ordinary 5p		2.28
5	Shoe Zone (Holdings) Limited Ordinary 1p		2.24
6	Moss Bros Group Plc Ordinary 5p		2.19
7	Alumasc Group (The) Plc Ordinary 12.5p		2.19
8	Clarke (T.) Plc Ordinary 10p		2.19
9	GVC Holdings Plc Common EUR0.01		2.18
10	Marston's Plc Ordinary 7.375p		2.14
11	Town Centre Securities Plc REIT 25p		2.12
12	GLI Finance Ltd		2.08
13	Kier Group PLC Ordinary 1p		2.06
14	Kcom Group Plc Ordinary 10p		1.97
15	Photo-Me International Plc Ordinary 0.5p		1.93
16	Belvoir Lettings Plc Ordinary		1.91
17	Braemar Shipping Services Plc GBp 10		1.89
18	Brown (N) Group Ordinary 11.052p		1.85
19	Jarvis Securities Plc Ordinary 1p		1.85
20	Hansard Global Plc Ordinary 0.5p		1.66