Net Asset Value(s)

Chelverton Small Companies Dividend Trust PLC
The Company announces:
Total Assets (including unaudited revenue reserves at 07/04/2017) of £51.46m
Net Assets (including unaudited revenue reserves at 07/04/2017) of £39.23m
The Net Asset Value (NAV) at 07/04/2017 was:
			Number of shares in issue:
Per Ordinary share (bid price) - including unaudited current period revenue*		233.54p	16,800,000
Per Ordinary share (bid price) - excluding current period revenue*		227.99p
Ordinary share price		222.50p
Premium / (Discount) to NAV		(4.73)%
Ordinary shares have an undated life
ZDP share		130.81p	9,349,000
ZDP share price		136.00p
Premium to NAV		3.97%
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 07/04/2017

	Name of company	% of portfolio
1	McColl's Retail Group Plc Ordinary 0.1p	2.39
2	Games Workshop Group Plc Ordinary 5p	2.39
3	Belvoir Lettings Plc Ordinary	2.34
4	Amino Technologies Plc GBp 1	2.25
5	Curtis Banks Group Plc GBp0.5	2.20
6	Galliford Try Plc Ordinary 50p	2.15
7	Acal Plc Ordinary 5p	2.14
8	StatPro Group Plc Ordinary 1p	2.06
9	Gattaca Plc Common GBp1	2.06
10	Alumasc Group (The) Plc Ordinary 12.5p	2.01
11	Moss Bros Group Plc Ordinary 5p	1.91
12	Personal Group Holdings Plc Ordinary 5p	1.90
13	Mucklow (A&J) Group Plc REIT 25p	1.89
14	Diversified Gas & Oil Plc Ordinary 1p	1.87
15	Marston's Plc Ordinary 7.375p	1.85
16	Kier Group PLC Ordinary 1p	1.84
17	Jarvis Securities Plc Ordinary 1p	1.83
18	Connect Group Plc Ordinary 5p	1.82
19	Braemar Shipping Services Plc GBp 10	1.79
20	Park Group Plc Ordinary 2p	1.76

Please Noted on 13 January 2017, the Directors of Chelverton Small Companies Dividend Trust PLC and Chelverton Small Companies ZDP PLC (together the "Group") announced they had been considering the options for a refinancing of the Zero Dividend Preference shares, which are due for repayment on 8 January 2018. Subject to stock market conditions, the Company will also be considering the potential to issue further Ordinary shares at the time of the issuance of any new Zero Dividend Preference Shares.

Enquiries:

Chelverton Small Companies Dividend Trust PLC

William van Heesewijk

Chelverton Asset Management Investment Limited

Tel:  [phone]