Net Asset Value(s)

Chelverton Small Companies Dividend Trust PLC
The Company announces:
Total Assets (including unaudited revenue reserves at 09/12/2016) of £46.49m
Net Assets (including unaudited revenue reserves at 09/12/2016) of £35.58m
The Net Asset Value (NAV) at 09/12/2016 was:
		Number of shares in issue:
Per Ordinary share (bid price) - including unaudited current period revenue*	214.98p	16,550,000
Per Ordinary share (bid price) - excluding current period revenue*	211.04p
Ordinary share price	202.00p
Discount to NAV	(6.04)%
Ordinary shares have an undated life
ZDP share	128.35p	8,500,000
ZDP share price	134.50p
Premium to NAV	4.79%
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 09/12/2016

	Name of company	% of portfolio
1	Games Workshop Group Plc Ordinary 5p	2.77
2	Belvoir Lettings Plc Ordinary	2.72
3	Coral Products Plc Ordinary 1p	2.56
4	McColl's Retail Group Plc Ordinary 0.1p	2.45
5	Amino Technologies Plc GBp 1	2.33
6	Galliford Try Plc Ordinary 50p	2.32
7	Connect Group Plc Ordinary 5p	2.20
8	Kier Group PLC Ordinary 1p	2.20
9	Moss Bros Group Plc Ordinary 5p	2.18
10	Alumasc Group (The) Plc Ordinary 12.5p	2.10
11	Mucklow (A&J) Group Plc REIT 25p	2.09
12	Marston's Plc Ordinary 7.375p	1.98
13	Curtis Banks Group Plc GBp0.5	1.97
14	Shoe Zone (Holdings) Limited Ordinary 1p	1.96
15	Numis Corporation Plc Ordinary 5p	1.92
16	Jarvis Securities Plc Ordinary 1p	1.88
17	Brown (N) Group Ordinary 11.052p	1.87
18	GLI Finance Ltd	1.84
19	Photo-Me International Plc Ordinary 0.5p	1.77
20	Park Group Plc Ordinary 2p	1.73