Net Asset Value(s)

Small Companies Dividend Trust PLC
The Company announces:
Total Assets (including unaudited revenue reserves at 03/06/2016) of £45.23m
Net Assets (including unaudited revenue reserves at 03/06/2016) of £34.64m
The Net Asset Value (NAV) at 03/06/2016 was:
			Number of shares in issue:
Per Ordinary share (bid price) - including unaudited current period revenue*		209.3p	16,550,000
Per Ordinary share (bid price) - excluding current period revenue*		201.6p
Ordinary share price		193.00p
Discount to NAV		(7.79)%
Ordinary shares have an undated life
ZDP share		124.54p	8,500,000
ZDP share price		130.25p
Premium to NAV		4.58%
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 03/06/2016

	Name of company	% of portfolio
1	Avesco Group Plc Ordinary 10p	3.30
2	GVC Holdings Plc Common EUR0.01	2.76
3	Coral Products Plc Ordinary 1p	2.69
4	Belvoir Lettings Plc Ordinary	2.56
5	Connect Group Plc Ordinary 5p	2.48
6	Moss Bros Group Plc Ordinary 5p	2.36
7	Shoe Zone (Holdings) Limited Ordinary 1p	2.28
8	GLI Finance Ltd	2.21
9	Games Workshop Group Plc Ordinary 5p	2.19
10	Marston's Plc Ordinary 7.375p	2.04
11	Mucklow (A&J) Group Plc REIT 25p	2.02
12	Kcom Group Plc Ordinary 10p	1.99
13	Braemar Shipping Services Plc GBp 10	1.98
14	Kier Group PLC Ordinary 1p	1.94
15	Brown (N) Group Ordinary 11.052p	1.86
16	Clarke (T.) Plc Ordinary 10p	1.86
17	Alumasc Group (The) Plc Ordinary 12.5p	1.85
18	Jarvis Securities Plc Ordinary 1p	1.80
19	Hansard Global Plc Ordinary 0.5p	1.76
20	Acal Plc Ordinary 5p	1.74