Net Asset Value(s)

Small Companies Dividend Trust PLC
The Company announces:
Total Assets (including unaudited revenue reserves at 12/06/2015) of £45.17m
Net Assets (including unaudited revenue reserves at 12/06/2015) of £35.17m
The Net Asset Value (NAV) at 12/06/2015 was:
			Number of shares in issue:
Per Ordinary share (bid price) - including unaudited current period revenue*		212.48p	16550000
Per Ordinary share (bid price) - excluding current period revenue*		206.58p
Ordinary share price		177.50p
Discount to NAV		(16.46)%
Ordinary shares have an undated life
ZDP share		117.65p	8500000
ZDP share price		125.25p
Premium to NAV		6.46%
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 12/06/2015

		Name of company	% of portfolio
1		Acal Plc Ordinary 5p	2.79
2		Avesco Group Plc Ordinary 10p	2.74
3		Clarke (T.) Plc Ordinary 10p	2.60
4		Connect Group Plc Ordinary 5p	2.38
5		Kier Group PLC Ordinary 1p	2.29
6		Kcom Group Plc Ordinary 10p	2.20
7		Braemar Shipping Services Plc GBp 10	2.20
8		Jarvis Securities Plc Ordinary 1p	2.18
9		Alumasc Group (The) Plc Ordinary 12.5p	2.12
10		Wilmington Plc Ordinary 5p	2.09
11		Dairy Crest Group Plc Ordinary 25p	2.07
12		GVC Holdings Plc Common EUR0.01	2.05
13		Marston's Plc Ordinary 7.375p	2.02
14		DX Group Plc GBP0.01	1.95
15		Town Centre Securities Plc REIT 25p	1.95
16		Brown (N) Group Ordinary 11.052p	1.93
17		Intermediate Capital Group Plc Ordinary 20p	1.88
18		Moss Bros Group Plc Ordinary 5p	1.84
19		Epwin Group Plc Ordinary 10p	1.75
20		Macfarlane Group Plc Ordinary 25p	1.69