Net Asset Value(s)

Small Companies Dividend Trust PLC                                        
                                                                          
The Company announces:                                                    
                                                                          
Total Assets (including unaudited revenue reserves at 05/06/2015) of £    
44.78m                                                                    
                                                                          
Net Assets (including unaudited revenue reserves at 05/06/2015) of £34.79m
                                                                          
The Net Asset Value (NAV) at 05/06/2015 was:                              
                                                                          
                                                                 Number of
                                                                 shares in
                                                                    issue:
                                                                          
Per Ordinary share (bid price) - including           210.21p              
unaudited current period revenue*                               16,550,000
                                                                          
Per Ordinary share (bid price) - excluding current   204.66p              
period revenue*                                                           
                                                                          
Ordinary share price                                 177.00p              
                                                                          
Discount to NAV                                     (15.80)%              
                                                                          
Ordinary shares have an undated life                                      
                                                                          
ZDP share                                            117.52p              
                                                                 8,500,000
                                                                          
ZDP share price                                      125.25p              
                                                                          
Premium to NAV                                         6.58%              
                                                                          
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 05/06/2015        
                                                                          

   

        Name of company                         % of
                                           portfolio
                                                    
   1    Acal Plc Ordinary 5p                    2.74
                                                    
   2    Clarke (T.) Plc Ordinary 10p            2.61
                                                    
   3    Connect Group Plc Ordinary 5p           2.55
                                                    
   4    Avesco Group Plc Ordinary 10p           2.27
                                                    
   5    Kier Group PLC Ordinary 1p              2.21
                                                    
   6    Braemar Shipping Services Plc GBp       2.19
        10                                          
                                                    
   7    Jarvis Securities Plc Ordinary 1p       2.15
                                                    
   8    Kcom Group Plc Ordinary 10p             2.14
                                                    
   9    Alumasc Group (The) Plc Ordinary        2.11
        12.5p                                       
                                                    
  10    Dairy Crest Group Plc Ordinary 25p      2.09
                                                    
  11    Wilmington Plc Ordinary 5p              2.03
                                                    
  12    Marston's Plc Ordinary 7.375p           2.01
                                                    
  13    GVC Holdings Plc Common EUR0.01         2.01
                                                    
  14    Town Centre Securities Plc REIT         1.96
        25p                                         
                                                    
  15    DX Group Plc GBP0.01                    1.94
                                                    
  16    Intermediate Capital Group Plc          1.92
        Ordinary 20p                                
                                                    
  17    Moss Bros Group Plc Ordinary 5p         1.91
                                                    
  18    Brown (N) Group Ordinary 11.052p        1.88
                                                    
  19    Epwin Group Plc Ordinary 10p            1.74
                                                    
  20    Stadium Group Plc Ordinary 5p           1.72