Net Asset Value(s)

SMALL COMPANIES DIVIDEND TRUST PLC The Company announces that as at 19 October 2005: Total Assets * (including audited revenue reserves at 30 April 2005) of £49.24m Net Assets * (including audited revenue reserves at 30 April 2005) of £39.26m The Net Asset Values excluding current period revenue as at 19 October 2005 were: Issued share capital Per Ordinary share (mid price) 183.83p 15,750,000 Per Ordinary share (bid price) 180.82p 15,750,000 Per Zero Dividend Preference share 164.14p 6,250,000 Per Preference share 164.14p 31,260 Bank loan £5.00m Overdraft £4.98m This NAV has been calculated with debt at par value. * Figures based on mid prices.
UK 100