Net Asset Value(s)

Chelverton Small Companies Dividend Trust PLC
The Company announces:
Total Assets (including unaudited revenue reserves at 06/01/2017) of £48.26m
Net Assets (including unaudited revenue reserves at 06/01/2017) of £37.3m
The Net Asset Value (NAV) at 06/01/2017 was:
			Number of shares in issue:
Per Ordinary share (bid price) - including unaudited current period revenue*		225.39p	16,550,000
Per Ordinary share (bid price) - excluding current period revenue*		220.65p
Ordinary share price		213.50p
Discount to NAV		(5.28)%
Ordinary shares have an undated life
ZDP share		128.93p	8,500,000
ZDP share price		134.50p
Premium to NAV		4.32%
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 06/01/2017

	Name of company	% of portfolio
1	Games Workshop Group Plc Ordinary 5p	3.14
2	Belvoir Lettings Plc Ordinary	2.75
3	Amino Technologies Plc GBp 1	2.40
4	Connect Group Plc Ordinary 5p	2.38
5	Coral Products Plc Ordinary 1p	2.34
5	McColl's Retail Group Plc Ordinary 0.1p	2.34
7	Galliford Try Plc Ordinary 50p	2.32
8	GLI Finance Ltd	2.16
9	Alumasc Group (The) Plc Ordinary 12.5p	2.14
10	Moss Bros Group Plc Ordinary 5p	2.10
11	Kier Group PLC Ordinary 1p	2.08
12	Curtis Banks Group Plc GBp0.5	2.05
13	Mucklow (A&J) Group Plc REIT 25p	1.96
14	Marston's Plc Ordinary 7.375p	1.89
15	Jarvis Securities Plc Ordinary 1p	1.89
15	Shoe Zone (Holdings) Limited Ordinary 1p	1.89
17	Park Group Plc Ordinary 2p	1.85
18	Photo-Me International Plc Ordinary 0.5p	1.82
19	Numis Corporation Plc Ordinary 5p	1.81
20	Brown (N) Group Ordinary 11.052p	1.79