Net Asset Value(s)

Small Companies Dividend Trust PLC
The Company announces:
Total Assets (including unaudited revenue reserves at 14/08/2015) of £46.26m
Net Assets (including unaudited revenue reserves at 14/08/2015) of £36.16m
The Net Asset Value (NAV) at 14/08/2015 was:
			Number of shares in issue:
Per Ordinary share (bid price) - including unaudited current period revenue*		218.47p	16,550,000
Per Ordinary share (bid price) - excluding current period revenue*		214.62p
Ordinary share price		184.50p
Discount to NAV		(15.55)%
Ordinary shares have an undated life
ZDP share		118.84p	8,500,000
ZDP share price		125.00p
Premium to NAV		5.19%
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 14/08/2015

		Name of company	% of portfolio
1		Avesco Group Plc Ordinary 10p	3.36
2		Connect Group Plc Ordinary 5p	2.53
3		Clarke (T.) Plc Ordinary 10p	2.51
4		Jarvis Securities Plc Ordinary 1p	2.27
5		Alumasc Group (The) Plc Ordinary 12.5p	2.25
6		Kier Group PLC Ordinary 1p	2.25
7		Stadium Group Plc Ordinary 5p	2.22
8		Kcom Group Plc Ordinary 10p	2.07
9		Braemar Shipping Services Plc GBp 10	2.05
10		Town Centre Securities Plc REIT 25p	2.03
11		Acal Plc Ordinary 5p	2.00
12		Wilmington Plc Ordinary 5p	1.98
13		Dairy Crest Group Plc Ordinary 25p	1.97
14		Marston's Plc Ordinary 7.375p	1.90
15		Games Workshop Group Plc Ordinary 5p	1.88
16		GVC Holdings Plc Common EUR0.01	1.87
17		DX Group Plc GBP0.01	1.86
18		Brown (N) Group Ordinary 11.052p	1.80
19		Macfarlane Group Plc Ordinary 25p	1.79
20		Belvoir Lettings Plc Ordinary	1.68