Net Asset Value(s)

Chelverton Small Companies Dividend Trust PLC
The Company announces:
Total Assets (including unaudited revenue reserves at 30/06/2017) of £53.99m
Net Assets (including unaudited revenue reserves at 30/06/2017) of £41.57m
The Net Asset Value (NAV) at 30/06/2017 was:
			Number of shares in issue:
Per Ordinary share (bid price) - including unaudited current period revenue*		241.67p	17,200,000
Per Ordinary share (bid price) - excluding current period revenue*		236.99p
Ordinary share price		246.00p
Premium / (Discount) to NAV		1.79%
Ordinary shares have an undated life
ZDP share		132.85p	9,349,000
ZDP share price		136.25p
Premium to NAV		2.56%
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 30/06/2017

	Name of company	% of portfolio
1	Diversified Gas & Oil Plc Ordinary 1p	2.45
2	Brown (N) Group Ordinary 11.052p	2.31
3	Belvoir Lettings Plc Ordinary	2.28
4	Games Workshop Group Plc Ordinary 5p	2.24
5	Acal Plc Ordinary 5p	2.22
6	McColl's Retail Group Plc Ordinary 0.1p	2.18
6	StatPro Group Plc Ordinary 1p	2.18
8	Amino Technologies Plc GBp 1	2.11
9	Curtis Banks Group Plc GBp0.5	2.07
10	Alumasc Group (The) Plc Ordinary 12.5p	2.07
11	Jarvis Securities Plc Ordinary 1p	2.05
12	Gattaca Plc Common GBp1	2.02
13	Galliford Try Plc Ordinary 50p	1.94
14	Personal Group Holdings Plc Ordinary 5p	1.92
15	Connect Group Plc Ordinary 5p	1.89
16	Mucklow (A&J) Group Plc REIT 25p	1.87
17	Braemar Shipping Services Plc GBp 10	1.83
17	Moss Bros Group Plc Ordinary 5p	1.83
19	Marston's Plc Ordinary 7.375p	1.82
20	Polar Capital Holdings Plc GBp 2.5	1.78

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.