Net Asset Value(s)

Chelverton Small Companies Dividend Trust PLC
The Company announces:
Total Assets (including unaudited revenue reserves at 17/03/2017) of £49.8m
Net Assets (including unaudited revenue reserves at 17/03/2017) of £38.72m
The Net Asset Value (NAV) at 17/03/2017 was:
			Number of shares in issue:
Per Ordinary share (bid price) - including unaudited current period revenue*		233.93p	16,550,000
Per Ordinary share (bid price) - excluding current period revenue*		227.04p
Ordinary share price		233.25p
Discount to NAV		(0.29)%
Ordinary shares have an undated life
ZDP share		130.38p	8,500,000
ZDP share price		135.75p
Premium to NAV		4.12%
ZDP shares are held in a subsidiary and have a redemption date of 08/01/2018
*Current period revenue covers the period 01/05/2016 to 17/03/2017

	Name of company	% of portfolio
1	Galliford Try Plc Ordinary 50p	2.41
2	Games Workshop Group Plc Ordinary 5p	2.39
3	Amino Technologies Plc GBp 1	2.39
4	Belvoir Lettings Plc Ordinary	2.34
5	Curtis Banks Group Plc GBp0.5	2.33
6	Alumasc Group (The) Plc Ordinary 12.5p	2.29
7	McColl's Retail Group Plc Ordinary 0.1p	2.27
8	Kier Group PLC Ordinary 1p	2.07
9	Moss Bros Group Plc Ordinary 5p	2.01
10	Jarvis Securities Plc Ordinary 1p	2.00
11	Mucklow (A&J) Group Plc REIT 25p	1.95
12	Connect Group Plc Ordinary 5p	1.93
13	Marston's Plc Ordinary 7.375p	1.91
14	GLI Finance Ltd	1.87
15	Numis Corporation Plc Ordinary 5p	1.86
16	Shoe Zone (Holdings) Limited Ordinary 1p	1.80
17	Acal Plc Ordinary 5p	1.79
17	StatPro Group Plc Ordinary 1p	1.79
19	Park Group Plc Ordinary 2p	1.75
20	Brown (N) Group Ordinary 11.052p	1.74