Net Asset Value(s)

Small Companies Dividend Trust PLC
The Company announces:
Total Assets (including unaudited revenue reserves at 02/10/2015) of £45.27m
Net Assets (including unaudited revenue reserves at 02/10/2015) of £35.09m
The Net Asset Value (NAV) at 02/10/2015 was:
			Number of shares in issue:
Per Ordinary share (bid price) - including unaudited current period revenue*		212.01p	16,550,000
Per Ordinary share (bid price) - excluding current period revenue*		208.24p
Ordinary share price		188.00p
Discount to NAV		(11.32)%
Ordinary shares have an undated life
ZDP share		119.77p	8,500,000
ZDP share price		126.00p
Premium to NAV		5.20%
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 02/10/2015

	Name of company		% of portfolio
1	Avesco Group Plc Ordinary 10p		3.04
2	Alumasc Group (The) Plc Ordinary 12.5p		3.02
3	Clarke (T.) Plc Ordinary 10p		2.48
4	Connect Group Plc Ordinary 5p		2.45
5	DX Group Plc GBP0.01		2.24
6	Jarvis Securities Plc Ordinary 1p		2.17
7	Moss Bros Group Plc Ordinary 5p		2.14
8	Wilmington Plc Ordinary 5p		2.13
9	Kier Group PLC Ordinary 1p		2.11
10	Town Centre Securities Plc REIT 25p		2.07
11	Kcom Group Plc Ordinary 10p		2.02
12	Braemar Shipping Services Plc GBp 10		1.89
13	Marston's Plc Ordinary 7.375p		1.87
14	GVC Holdings Plc Common EUR0.01		1.85
15	Games Workshop Group Plc Ordinary 5p		1.82
16	Brown (N) Group Ordinary 11.052p		1.76
17	Photo-Me International Plc Ordinary 0.5p		1.75
18	Stadium Group Plc Ordinary 5p		1.70
19	Hansard Global Plc Ordinary 0.5p		1.69
20	Dairy Crest Group Plc Ordinary 25p		1.68