Net Asset Value(s)

Chelverton Small Companies Dividend Trust PLC
The Company announces:
Total Assets (including unaudited revenue reserves at 31/10/2017) of £60.08m
Net Assets (including unaudited revenue reserves at 31/10/2017) of £47.43m
The Net Asset Value (NAV) at 31/10/2017 was:
						Number of shares in issue:
Per Ordinary share (bid price) - including unaudited current period revenue*				266.84p		17,775,000
Per Ordinary share (bid price) - excluding current period revenue*				262.52p
Ordinary share price				266.50p
Premium / (Discount) to NAV				(0.13)%
Ordinary shares have an undated life
ZDP share				135.30p		9,349,000
ZDP share price				137.00p
Premium to NAV				1.25%
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 31/10/2017
	Name of company		% of portfolio
1	Diversified Gas & Oil Plc Ordinary 1p		2.78
2	McColl's Retail Group Plc Ordinary 0.1p		2.39
3	Jarvis Securities Plc Ordinary 1p		2.35
4	StatPro Group Plc Ordinary 1p		2.29
5	Acal Plc Ordinary 5p		2.12
6	Belvoir Lettings Plc Ordinary		2.11
7	Alumasc Group (The) Plc Ordinary 12.5p		2.06
8	Gattaca Plc Common GBp1		2.04
9	Galliford Try Plc Ordinary 50p		2.04
10	Personal Group Holdings Plc Ordinary 5p		2.03
11	Connect Group Plc Ordinary 5p		1.84
12	Amino Technologies Plc GBp 1		1.83
13	Braemar Shipping Services Plc GBp 10		1.80
14	Numis Corporation Plc Ordinary 5p		1.79
15	Curtis Banks Group Plc GBp0.5		1.78
16	Marston's Plc Ordinary 7.375p		1.78
17	Ramsdens Holdings Plc Ordinary		1.78
18	Brown (N) Group Ordinary 11.052p		1.76
19	De La Rue Plc Ordinary 44.868p		1.75
20	Mucklow (A&J) Group Plc REIT 25p		1.64

Please Note: on 13 January 2017, the Directors of Chelverton Small Companies Dividend Trust PLC and Chelverton Small Companies ZDP PLC (together the "Group") announced they had been considering the options for a refinancing of the Zero Dividend Preference shares, which are due for repayment on 8 January 2018. Subject to stock market conditions, the Company will also be considering the potential to issue further Ordinary shares at the time of the issuance of any new Zero Dividend Preference Shares.