Net Asset Value(s)

Chelverton Small Companies Dividend Trust PLC
The Company announces:
Total Assets (including unaudited revenue reserves at 18/11/2016) of £46.91m
Net Assets (including unaudited revenue reserves at 18/11/2016) of £36.03m
The Net Asset Value (NAV) at 18/11/2016 was:
			Number of shares in issue:
Per Ordinary share (bid price) - including unaudited current period revenue*		217.73p	16550000
Per Ordinary share (bid price) - excluding current period revenue*		212.23p
Ordinary share price		196.50p
Discount to NAV		(9.75)%
Ordinary shares have an undated life
ZDP share		127.92p	8500000
ZDP share price		134.50p
Premium to NAV		5.14%
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 18/11/2016

	Name of company	% of portfolio
1	Belvoir Lettings Plc Ordinary	3.37
2	Avesco Group Plc Ordinary 10p	2.91
2	Coral Products Plc Ordinary 1p	2.91
4	Games Workshop Group Plc Ordinary 5p	2.57
5	McColl's Retail Group Plc Ordinary 0.1p	2.45
6	Galliford Try Plc Ordinary 50p	2.40
7	Moss Bros Group Plc Ordinary 5p	2.28
8	Kier Group PLC Ordinary 1p	2.27
9	Connect Group Plc Ordinary 5p	2.24
10	Mucklow (A&J) Group Plc REIT 25p	2.18
11	Amino Technologies Plc GBp 1	2.16
12	Marston's Plc Ordinary 7.375p	2.05
13	Alumasc Group (The) Plc Ordinary 12.5p	1.97
14	Dee Valley Group Plc Ordinary 5p	1.95
15	Shoe Zone (Holdings) Limited Ordinary 1p	1.90
16	StatPro Group Plc Ordinary 1p	1.77
17	Jarvis Securities Plc Ordinary 1p	1.73
18	GLI Finance Ltd	1.71
19	Hansard Global Plc Ordinary 0.5p	1.70
20	Photo-Me International Plc Ordinary 0.5p	1.65