Net Asset Value(s)

Small Companies Dividend Trust PLC
The Company announces:
Total Assets (including unaudited revenue reserves at 30/09/2015) of £45.12m
Net Assets (including unaudited revenue reserves at 30/09/2015) of £34.94m
The Net Asset Value (NAV) at 30/09/2015 was:
		Number of shares in issue:
Per Ordinary share (bid price) - including unaudited current period revenue*	211.11p	16,550,000
Per Ordinary share (bid price) - excluding current period revenue*	207.89p
Ordinary share price	188.50p
Discount to NAV	(10.71)%
Ordinary shares have an undated life
ZDP share	119.73p	8,500,000
ZDP share price	126.00p
Premium to NAV	5.24%
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 30/09/2015

	Name of company		% of portfolio
1	Avesco Group Plc Ordinary 10p		3.09
2	Alumasc Group (The) Plc Ordinary 12.5p		3.08
3	Clarke (T.) Plc Ordinary 10p		2.48
4	Connect Group Plc Ordinary 5p		2.45
5	Jarvis Securities Plc Ordinary 1p		2.18
6	DX Group Plc GBP0.01		2.15
7	Wilmington Plc Ordinary 5p		2.12
8	Kier Group PLC Ordinary 1p		2.11
9	Moss Bros Group Plc Ordinary 5p		2.09
10	Town Centre Securities Plc REIT 25p		2.05
11	Kcom Group Plc Ordinary 10p		1.98
12	Marston's Plc Ordinary 7.375p		1.84
13	Braemar Shipping Services Plc GBp 10		1.84
14	Games Workshop Group Plc Ordinary 5p		1.83
15	GVC Holdings Plc Common EUR0.01		1.81
16	Hansard Global Plc Ordinary 0.5p		1.76
17	Photo-Me International Plc Ordinary 0.5p		1.74
18	Brown (N) Group Ordinary 11.052p		1.71
19	Dairy Crest Group Plc Ordinary 25p		1.70
20	Stadium Group Plc Ordinary 5p		1.69