Net Asset Value(s)

Chelverton Small Companies Dividend Trust PLC
The Company announces:
Total Assets (including unaudited revenue reserves at 03/03/2017) of £49.33m
Net Assets (including unaudited revenue reserves at 03/03/2017) of £38.27m
The Net Asset Value (NAV) at 03/03/2017 was:
		Number of shares in issue:
Per Ordinary share (bid price) - including unaudited current period revenue*	231.26p	16,550,000
Per Ordinary share (bid price) - excluding current period revenue*	224.63p
Ordinary share price	222.50p
Discount to NAV	(3.79)%
Ordinary shares have an undated life
ZDP share	130.08p	8,500,000
ZDP share price	134.00p
Premium to NAV	3.01%
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 03/03/2017

	Name of company	% of portfolio
1	Alumasc Group (The) Plc Ordinary 12.5p	2.46
2	Amino Technologies Plc GBp 1	2.40
3	Belvoir Lettings Plc Ordinary	2.36
4	Galliford Try Plc Ordinary 50p	2.35
5	McColl's Retail Group Plc Ordinary 0.1p	2.28
6	Games Workshop Group Plc Ordinary 5p	2.27
7	Curtis Banks Group Plc GBp0.5	2.22
8	Kier Group PLC Ordinary 1p	2.11
9	Jarvis Securities Plc Ordinary 1p	2.08
10	Connect Group Plc Ordinary 5p	2.04
11	Moss Bros Group Plc Ordinary 5p	2.02
12	Numis Corporation Plc Ordinary 5p	1.93
13	Marston's Plc Ordinary 7.375p	1.92
14	Mucklow (A&J) Group Plc REIT 25p	1.91
15	Shoe Zone (Holdings) Limited Ordinary 1p	1.82
16	Clarke (T.) Plc Ordinary 10p	1.81
17	Gattaca Plc Common GBp1	1.79
18	Park Group Plc Ordinary 2p	1.77
19	GLI Finance Ltd	1.77
20	Acal Plc Ordinary 5p	1.75