Net Asset Value(s)

Chelverton Small Companies Dividend Trust PLC
The Company announces:
Total Assets (including unaudited revenue reserves at 19/01/2018) of £64.74m
Net Assets (including unaudited revenue reserves at 19/01/2018) of £51.95m
The Net Asset Value (NAV) at 19/01/2018 was:
			Number of shares in issue:
Per Ordinary share (bid price) - including unaudited current period revenue*		262.93p	17,775,000
Per Ordinary share (bid price) - excluding current period revenue*		257.45p
Ordinary share price		267.50p
Premium / (Discount) to NAV		1.74%
Ordinary shares have an undated life
ZDP share		100.12p	12,780,083
ZDP share price		105.50p
Premium to NAV		5.38%
ZDP shares are held in a subsidiary and have a redemption date of 30/04/2025
Per C share (bid price) - including unaudited current period revenue*		94.79p	5,500,000
Per C share (bid price) - excluding current period revenue*		94.79p
C share price		101.00p
Premium / (Discount) to NAV		6.55%
*Current period revenue covers the period 01/05/2017 to 19/01/2018
	Name of company		% of portfolio
1	Diversified Gas & Oil Plc Ordinary 1p		2.68
2	DiscoverIE Group Plc GBp 5		2.38
3	StatPro Group Plc Ordinary 1p		2.08
4	Marston's Plc Ordinary 7.375p		2.05
5	Alumasc Group (The) Plc Ordinary 12.5p		1.99
6	De La Rue Plc Ordinary 44.868p		1.98
7	Connect Group Plc Ordinary 5p		1.97
8	Randall & Quilter Investment GBp2		1.95
9	Jarvis Securities Plc Ordinary 1p		1.87
10	Amino Technologies Plc GBp 1		1.84
11	McColl's Retail Group Plc Ordinary 0.1p		1.83
12	Galliford Try Plc Ordinary 50p		1.81
13	Dairy Crest Group Plc Ordinary 25p		1.78
14	Mucklow (A&J) Group Plc REIT 25p		1.76
15	Belvoir Lettings Plc Ordinary		1.74
16	Ramsdens Holdings Plc Ordinary		1.73
17	Gattaca Plc Common GBp1		1.69
18	Brown (N) Group Ordinary 11.052p		1.68
19	Curtis Banks Group Plc GBp0.5		1.67
20	Premier Asset Management Group Ltd		1.61