Net Asset Value(s)

Small Companies Dividend Trust PLC
The Company announces:
Total Assets (including unaudited revenue reserves at 24/06/2016) of £41.52m
Net Assets (including unaudited revenue reserves at 24/06/2016) of £30.9m
The Net Asset Value (NAV) at 24/06/2016 was:
			Number of shares in issue:
Per Ordinary share (bid price) - including unaudited current period revenue*		186.71p	16550000
Per Ordinary share (bid price) - excluding current period revenue*		182.3p
Ordinary share price		188.00p
Discount to NAV		0.69%
Ordinary shares have an undated life
ZDP share		124.96p	8500000
ZDP share price		130.50p
Premium to NAV		4.43%
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 24/06/2016

	Name of company	% of portfolio
1	Belvoir Lettings Plc Ordinary	3.57
2	Avesco Group Plc Ordinary 10p	3.51
3	Coral Products Plc Ordinary 1p	2.93
4	Connect Group Plc Ordinary 5p	2.43
5	Shoe Zone (Holdings) Limited Ordinary 1p	2.34
6	Moss Bros Group Plc Ordinary 5p	2.30
7	Braemar Shipping Services Plc GBp 10	2.15
7	Games Workshop Group Plc Ordinary 5p	2.15
9	Marston's Plc Ordinary 7.375p	2.08
10	GVC Holdings Plc Common EUR0.01	2.07
11	Kcom Group Plc Ordinary 10p	1.99
12	Mucklow (A&J) Group Plc REIT 25p	1.96
13	Kier Group PLC Ordinary 1p	1.94
14	Jarvis Securities Plc Ordinary 1p	1.90
15	Clarke (T.) Plc Ordinary 10p	1.89
16	GLI Finance Ltd	1.86
17	Acal Plc Ordinary 5p	1.75
18	Brown (N) Group Ordinary 11.052p	1.74
19	Town Centre Securities Plc REIT 25p	1.71
20	Alumasc Group (The) Plc Ordinary 12.5p	1.71