Net Asset Value(s)

Chelverton Small Companies Dividend Trust PLC
The Company announces:
Total Assets (including unaudited revenue reserves at 20/01/2017) of £48.77m
Net Assets (including unaudited revenue reserves at 20/01/2017) of £37.78m
The Net Asset Value (NAV) at 20/01/2017 was:
			Number of shares in issue:
Per Ordinary share (bid price) - including unaudited current period revenue*		228.31p	16,550,000
Per Ordinary share (bid price) - excluding current period revenue*		223.26p
Ordinary share price		207.50p
Discount to NAV		(9.11)%
Ordinary shares have an undated life
ZDP share		129.22p	8,500,000
ZDP share price		134.50p
Premium to NAV		4.09%
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 20/01/2017

	Name of company	% of portfolio
1	Games Workshop Group Plc Ordinary 5p	3.52
2	Belvoir Lettings Plc Ordinary	2.71
3	Amino Technologies Plc GBp 1	2.26
3	Coral Products Plc Ordinary 1p	2.26
5	Connect Group Plc Ordinary 5p	2.23
6	Galliford Try Plc Ordinary 50p	2.22
7	McColl's Retail Group Plc Ordinary 0.1p	2.20
8	Alumasc Group (The) Plc Ordinary 12.5p	2.13
9	Curtis Banks Group Plc GBp0.5	2.12
10	GLI Finance Ltd	2.07
11	Polar Capital Holdings Plc GBp 2.5	2.03
12	Moss Bros Group Plc Ordinary 5p	2.03
13	Marston's Plc Ordinary 7.375p	1.99
14	Kier Group PLC Ordinary 1p	1.99
15	Gattaca Plc Common GBp1	1.97
16	Park Group Plc Ordinary 2p	1.91
17	Jarvis Securities Plc Ordinary 1p	1.91
18	Mucklow (A&J) Group Plc REIT 25p	1.91
19	Numis Corporation Plc Ordinary 5p	1.85
20	Brown (N) Group Ordinary 11.052p	1.85