Net Asset Value(s)

Small Companies Dividend Trust PLC
The Company announces:
Total Assets (including unaudited revenue reserves at 30/06/2016) of £40.56m
Net Assets (including unaudited revenue reserves at 30/06/2016) of £29.93m
The Net Asset Value (NAV) at 30/06/2016 was:
		Number of shares in issue:
Per Ordinary share (bid price) - including unaudited current period revenue*	180.84p	16,550,000
Per Ordinary share (bid price) - excluding current period revenue*	175.93p
Ordinary share price	183.00p
Discount to NAV	1.20%
Ordinary shares have an undated life
ZDP share	125.08p	8,500,000
ZDP share price	130.50p
Premium to NAV	4.33%
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 30/06/2016

	Name of company		% of portfolio
1	Avesco Group Plc Ordinary 10p		3.65
2	Belvoir Lettings Plc Ordinary		3.55
3	Coral Products Plc Ordinary 1p		2.79
4	Connect Group Plc Ordinary 5p		2.58
5	Moss Bros Group Plc Ordinary 5p		2.28
6	Games Workshop Group Plc Ordinary 5p		2.26
7	Shoe Zone (Holdings) Limited Ordinary 1p		2.26
8	GVC Holdings Plc Common EUR0.01		2.12
9	Kcom Group Plc Ordinary 10p		2.11
10	Braemar Shipping Services Plc GBp 10		2.06
11	Marston's Plc Ordinary 7.375p		2.03
12	Mucklow (A&J) Group Plc REIT 25p		1.94
13	GLI Finance Ltd		1.93
14	Jarvis Securities Plc Ordinary 1p		1.91
15	Kier Group PLC Ordinary 1p		1.85
16	Hansard Global Plc Ordinary 0.5p		1.83
17	Town Centre Securities Plc REIT 25p		1.73
18	Photo-Me International Plc Ordinary 0.5p		1.71
19	Acal Plc Ordinary 5p		1.71
20	Alumasc Group (The) Plc Ordinary 12.5p		1.66
20	Amino Technologies Plc GBp 1		1.66