Net Asset Value(s)

Small Companies Dividend Trust PLC                                           
                                                                             
The Company announces:                                                       
                                                                             
Total Assets (including unaudited revenue reserves at 20/02/2015) of £41.44m 
                                                                             
Net Assets (including unaudited revenue reserves at 20/02/2015) of £31.62m   
                                                                             
                                                                             
                                                                             
The Net Asset Value (NAV) at 20/02/2015 was:                                 
                                                                             
                                                                  Number of  
                                                                  shares in  
                                                                  issue:     
                                                                             
Per Ordinary share (bid price) - including                                   
unaudited current period revenue*                  191.06p        16,550,000 
                                                                             
Per Ordinary share (bid price) - excluding current                           
period revenue*                                    187.76p                   
                                                                             
Ordinary share price                               156.50p                   
                                                                             
Discount to NAV                                    (18.09)%                  
                                                                             
Ordinary shares have an undated life                                         
                                                                             
                                                                             
                                                                             
                                                                             
ZDP share                                          115.57p        8,500,000  
                                                                             
ZDP share price                                    126.25p                   
                                                                             
Premium to NAV                                     9.25%                     
                                                                             
ZDP shares are held in a subsidiary and have a redemption date of 08/01/2018 
                                                                             
                                                                             
                                                                             
*Current period revenue covers the period 01/05/2014 to 20/02/2015           
                                                                             
                                                                             
                                                                             

 

                                              % of     
         Name of company                      portfolio
                                                       
1        Clarke (T.) Plc Ordinary 10p         2.76     
                                                       
2        Connect Group Plc Ordinary 5p        2.50     
                                                       
3        Acal Plc Ordinary 5p                 2.39     
                                                       
         Alumasc Group (The) Plc Ordinary              
4        12.5p                                2.33     
                                                       
5        Stadium Group Plc Ordinary 5p        2.32     
                                                       
6        GVC Holdings Plc Common EUR0.01      2.23     
                                                       
         Town Centre Securities Plc REIT               
7        25p                                  2.07     
                                                       
8        Kcom Group Plc Ordinary 10p          2.06     
                                                       
         Shoe Zone (Holdings) Limited                  
9        Ordinary 1p                          2.04     
                                                       
10       Avesco Group Plc Ordinary 10p        1.99     
                                                       
11       Marston's Plc Ordinary 7.375p        1.98     
                                                       
         Braemar Shipping Services Plc GBp             
12       10                                   1.90     
                                                       
13       Tritax Big Box REIT Plc              1.88     
                                                       
14       Wilmington Group Plc Ordinary 5p     1.82     
                                                       
         Intermediate Capital Group Plc                
15       Ordinary 20p                         1.81     
                                                       
         Personal Group Holdings Plc                   
16       Ordinary 5p                          1.81     
                                                       
17       St.Ives Plc Ordinary 10p             1.80     
                                                       
         Dairy Crest Group Plc Ordinary                
18       25p                                  1.74     
                                                       
         Photo-Me International Plc                    
19       Ordinary 0.5p                        1.74     
                                                       
20       Jarvis Securities Plc Ordinary 1p    1.72