Net Asset Value(s)

Small Companies Dividend Trust PLC
The Company announces:
Total Assets (including unaudited revenue reserves at 17/06/2016) of £43.68m
Net Assets (including unaudited revenue reserves at 17/06/2016) of £33.08m
The Net Asset Value (NAV) at 17/06/2016 was:
		Number of shares in issue:
Per Ordinary share (bid price) - including unaudited current period revenue*	199.85p	16550000
Per Ordinary share (bid price) - excluding current period revenue*	191.78p
Ordinary share price	189.00p
Discount to NAV	(5.43)%
Ordinary shares have an undated life
ZDP share	124.82p	8500000
ZDP share price	130.50p
Premium to NAV	4.55%
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 17/06/2016

	Name of company		% of portfolio
1	Avesco Group Plc Ordinary 10p		3.38
2	Belvoir Lettings Plc Ordinary		3.23
3	Coral Products Plc Ordinary 1p		2.83
4	Connect Group Plc Ordinary 5p		2.58
5	Moss Bros Group Plc Ordinary 5p		2.56
6	Shoe Zone (Holdings) Limited Ordinary 1p		2.33
7	Games Workshop Group Plc Ordinary 5p		2.22
8	GLI Finance Ltd		2.19
9	Braemar Shipping Services Plc GBp 10		2.03
10	Marston's Plc Ordinary 7.375p		2.02
11	GVC Holdings Plc Common EUR0.01		2.00
12	Kcom Group Plc Ordinary 10p		1.96
13	Mucklow (A&J) Group Plc REIT 25p		1.95
14	Kier Group PLC Ordinary 1p		1.91
15	Jarvis Securities Plc Ordinary 1p		1.89
16	Brown (N) Group Ordinary 11.052p		1.85
17	Acal Plc Ordinary 5p		1.82
18	Clarke (T.) Plc Ordinary 10p		1.81
19	Photo-Me International Plc Ordinary 0.5p		1.80
20	Alumasc Group (The) Plc Ordinary 12.5p		1.79