Net Asset Value(s)

Chelverton Small Companies Dividend Trust PLC
The Company announces:
Total Assets (including unaudited revenue reserves at 30/04/2017) of £54.03m
Net Assets (including unaudited revenue reserves at 30/04/2017) of £41.76m
The Net Asset Value (NAV) at 30/04/2017 was:
		Number of shares in issue:
Per Ordinary share (bid price) - including unaudited current period revenue*	248.55p	16,800,000
Per Ordinary share (bid price) - excluding current period revenue*	242.04p
Ordinary share price	230.00p
Premium / (Discount) to NAV	(7.46)%
Ordinary shares have an undated life
ZDP share	131.29p	9,349,000
ZDP share price	136.00p
Premium to NAV	3.58%
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 30/04/2017

	Name of company	% of portfolio
1	StatPro Group Plc Ordinary 1p	2.42
2	Amino Technologies Plc GBp 1	2.32
3	McColl's Retail Group Plc Ordinary 0.1p	2.29
4	Games Workshop Group Plc Ordinary 5p	2.26
5	Belvoir Lettings Plc Ordinary	2.18
6	Acal Plc Ordinary 5p	2.10
7	Alumasc Group (The) Plc Ordinary 12.5p	2.08
8	Curtis Banks Group Plc GBp0.5	2.06
9	Braemar Shipping Services Plc GBp 10	2.05
10	Galliford Try Plc Ordinary 50p	2.00
11	Connect Group Plc Ordinary 5p	1.99
12	Gattaca Plc Common GBp1	1.91
13	Jarvis Securities Plc Ordinary 1p	1.88
14	Moss Bros Group Plc Ordinary 5p	1.86
15	Marston's Plc Ordinary 7.375p	1.85
16	Numis Corporation Plc Ordinary 5p	1.81
17	Diversified Gas & Oil Plc Ordinary 1p	1.78
17	Mucklow (A&J) Group Plc REIT 25p	1.78
19	Brown (N) Group Ordinary 11.052p	1.77
20	Polar Capital Holdings Plc GBp 2.5	1.74