Net Asset Value(s)

Chelverton Small Companies Dividend Trust PLC
The Company announces:
Total Assets (including unaudited revenue reserves at 10/03/2017) of £49.84m
Net Assets (including unaudited revenue reserves at 10/03/2017) of £38.77m
The Net Asset Value (NAV) at 10/03/2017 was:
		Number of shares in issue:
Per Ordinary share (bid price) - including unaudited current period revenue*	234.26p	16,550,000
Per Ordinary share (bid price) - excluding current period revenue*	227.54p
Ordinary share price	224.50p
Discount to NAV	(4.17)%
Ordinary shares have an undated life
ZDP share	130.23p	8,500,000
ZDP share price	135.00p
Premium to NAV	3.66%
ZDP shares are held in a subsidiary and have a redemption date of 08/01/2018
*Current period revenue covers the period 01/05/2016 to 10/03/2017

	Name of company	% of portfolio
1	Alumasc Group (The) Plc Ordinary 12.5p	2.44
2	Galliford Try Plc Ordinary 50p	2.39
3	Games Workshop Group Plc Ordinary 5p	2.39
4	Amino Technologies Plc GBp 1	2.39
5	McColl's Retail Group Plc Ordinary 0.1p	2.36
6	Belvoir Lettings Plc Ordinary	2.34
7	Curtis Banks Group Plc GBp0.5	2.29
8	Kier Group PLC Ordinary 1p	2.08
9	Jarvis Securities Plc Ordinary 1p	2.01
10	Moss Bros Group Plc Ordinary 5p	1.99
11	Connect Group Plc Ordinary 5p	1.96
12	Numis Corporation Plc Ordinary 5p	1.94
13	Mucklow (A&J) Group Plc REIT 25p	1.93
14	Marston's Plc Ordinary 7.375p	1.91
15	GLI Finance Ltd	1.89
16	Shoe Zone (Holdings) Limited Ordinary 1p	1.80
17	Acal Plc Ordinary 5p	1.76
18	Gattaca Plc Common GBp1	1.74
19	Clarke (T.) Plc Ordinary 10p	1.71
20	Polar Capital Holdings Plc GBp 2.5	1.70