Net Asset Value(s)

Small Companies Dividend Trust PLC
The Company announces:
Total Assets (including unaudited revenue reserves at 05/02/2016) of £44.89m
Net Assets (including unaudited revenue reserves at 05/02/2016) of £34.5m
The Net Asset Value (NAV) at 05/02/2016 was:
		Number of shares in issue:
Per Ordinary share (bid price) - including unaudited current period revenue*	208.46p	16,550,000
Per Ordinary share (bid price) - excluding current period revenue*	203.81p
Ordinary share price	190.00p
Discount to NAV	(8.85)%
Ordinary shares have an undated life
ZDP share	122.20p	8,500,000
ZDP share price	126.50p
Premium to NAV	3.52%
ZDP shares are held in a subsidiary and have a redemption date of 08/01/2018
*Current period revenue covers the period 01/05/2015 to 05/02/2016

	Name of company		% of portfolio
1	Avesco Group Plc Ordinary 10p		3.27
2	Alumasc Group (The) Plc Ordinary 12.5p		2.67
3	Coral Products Plc Ordinary 1p		2.47
4	Clarke (T.) Plc Ordinary 10p		2.34
5	Shoe Zone (Holdings) Limited Ordinary 1p		2.25
6	GVC Holdings Plc Common EUR0.01		2.21
7	Moss Bros Group Plc Ordinary 5p		2.20
8	Connect Group Plc Ordinary 5p		2.14
9	Marston's Plc Ordinary 7.375p		2.06
10	Kcom Group Plc Ordinary 10p		2.04
11	Braemar Shipping Services Plc GBp 10		2.02
12	Town Centre Securities Plc REIT 25p		2.02
13	Kier Group PLC Ordinary 1p		2.01
14	Belvoir Lettings Plc Ordinary		1.96
15	Jarvis Securities Plc Ordinary 1p		1.82
16	Brown (N) Group Ordinary 11.052p		1.78
17	Acal Plc Ordinary 5p		1.77
18	Games Workshop Group Plc Ordinary 5p		1.77
19	Photo-Me International Plc Ordinary 0.5p		1.73
20	Hansard Global Plc Ordinary 0.5p		1.70