Net Asset Value(s)

Small Companies Dividend Trust PLC
The Company announces:
Total Assets (including unaudited revenue reserves at 26/06/2015) of £44.98m
Net Assets (including unaudited revenue reserves at 26/06/2015) of £34.96m
The Net Asset Value (NAV) at 26/06/2015 was:
			Number of shares in issue:
Per Ordinary share (bid price) - including unaudited current period revenue*		211.23p	16,550,000
Per Ordinary share (bid price) - excluding current period revenue*		207.63p
Ordinary share price		174.75p
Discount to NAV		(17.27)%
Ordinary shares have an undated life
ZDP share		117.91p	8,500,000
ZDP share price		125.25p
Premium to NAV		6.22%
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 26/06/2015

	Name of company	% of portfolio
1	Avesco Group Plc Ordinary 10p	2.94
2	Clarke (T.) Plc Ordinary 10p	2.58
3	Alumasc Group (The) Plc Ordinary 12.5p	2.37
4	Jarvis Securities Plc Ordinary 1p	2.32
5	Connect Group Plc Ordinary 5p	2.27
6	Kier Group PLC Ordinary 1p	2.24
7	Braemar Shipping Services Plc GBp 10	2.20
8	Kcom Group Plc Ordinary 10p	2.09
9	Acal Plc Ordinary 5p	2.09
10	Dairy Crest Group Plc Ordinary 25p	2.08
11	Wilmington Plc Ordinary 5p	2.07
12	GVC Holdings Plc Common EUR0.01	2.05
13	Marston's Plc Ordinary 7.375p	2.03
14	Town Centre Securities Plc REIT 25p	1.95
15	Brown (N) Group Ordinary 11.052p	1.94
16	DX Group Plc GBP0.01	1.91
17	Intermediate Capital Group Plc Ordinary 20p	1.90
18	Moss Bros Group Plc Ordinary 5p	1.75
19	Epwin Group Plc Ordinary 10p	1.74
20	Games Workshop Group Plc Ordinary 5p	1.71