Net Asset Value(s)

Chelverton Small Companies Dividend Trust PLC
The Company announces:
Total Assets (including unaudited revenue reserves at 05/05/2017) of £54.53m
Net Assets (including unaudited revenue reserves at 05/05/2017) of £42.24m
The Net Asset Value (NAV) at 05/05/2017 was:
		Number of shares in issue:
Per Ordinary share (bid price) - including unaudited current period revenue*	251.45p	16,800,000
Per Ordinary share (bid price) - excluding current period revenue*	244.71p
Ordinary share price	235.00p
Premium / (Discount) to NAV	(6.54)%
Ordinary shares have an undated life
ZDP share	131.40p	9,349,000
ZDP share price	136.25p
Premium to NAV	3.69%
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 05/05/2017

	Name of company	% of portfolio
1	Curtis Banks Group Plc GBp0.5	2.37
2	StatPro Group Plc Ordinary 1p	2.31
3	Amino Technologies Plc GBp 1	2.29
4	Games Workshop Group Plc Ordinary 5p	2.25
5	Belvoir Lettings Plc Ordinary	2.20
6	McColl's Retail Group Plc Ordinary 0.1p	2.16
7	Acal Plc Ordinary 5p	2.12
8	Gattaca Plc Common GBp1	2.05
9	Alumasc Group (The) Plc Ordinary 12.5p	2.04
10	Braemar Shipping Services Plc GBp 10	2.01
11	Brown (N) Group Ordinary 11.052p	1.94
12	Connect Group Plc Ordinary 5p	1.91
13	Moss Bros Group Plc Ordinary 5p	1.90
14	Jarvis Securities Plc Ordinary 1p	1.87
15	Marston's Plc Ordinary 7.375p	1.85
16	Polar Capital Holdings Plc GBp 2.5	1.80
17	Galliford Try Plc Ordinary 50p	1.79
18	Numis Corporation Plc Ordinary 5p	1.78
19	Mucklow (A&J) Group Plc REIT 25p	1.76
20	Diversified Gas & Oil Plc Ordinary 1p	1.75