Net Asset Value(s)

Chelverton Small Companies Dividend Trust PLC
The Company announces:
Total Assets (including unaudited revenue reserves at 24/02/2017) of £49.15m
Net Assets (including unaudited revenue reserves at 24/02/2017) of £38.1m
The Net Asset Value (NAV) at 24/02/2017 was:
		Number of shares in issue:
Per Ordinary share (bid price) - including unaudited current period revenue*	230.23p	16,550,000
Per Ordinary share (bid price) - excluding current period revenue*	224.08p
Ordinary share price	221.75p
Discount to NAV	(3.68)%
Ordinary shares have an undated life
ZDP share	129.94p	8,500,000
ZDP share price	134.00p
Premium to NAV	3.12%
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 24/02/2017

	Name of company	% of portfolio
1	Amino Technologies Plc GBp 1	2.44
2	Belvoir Lettings Plc Ordinary	2.41
3	Galliford Try Plc Ordinary 50p	2.34
4	Games Workshop Group Plc Ordinary 5p	2.30
5	Curtis Banks Group Plc GBp0.5	2.26
6	Alumasc Group (The) Plc Ordinary 12.5p	2.25
7	McColl's Retail Group Plc Ordinary 0.1p	2.20
8	Connect Group Plc Ordinary 5p	2.12
9	Kier Group PLC Ordinary 1p	2.10
10	Jarvis Securities Plc Ordinary 1p	2.09
11	Moss Bros Group Plc Ordinary 5p	2.05
12	Numis Corporation Plc Ordinary 5p	2.00
13	Mucklow (A&J) Group Plc REIT 25p	1.95
14	Marston's Plc Ordinary 7.375p	1.92
15	Shoe Zone (Holdings) Limited Ordinary 1p	1.88
16	Park Group Plc Ordinary 2p	1.87
17	Polar Capital Holdings Plc GBp 2.5	1.84
18	GLI Finance Ltd	1.80
19	Gattaca Plc Common GBp1	1.79
20	Brown (N) Group Ordinary 11.052p	1.76