Net Asset Value(s)

Chelverton Small Companies Dividend Trust PLC
The Company announces:
Total Assets (including unaudited revenue reserves at 26/01/2018) of £63.85m
Net Assets (including unaudited revenue reserves at 26/01/2018) of £51.05m
The Net Asset Value (NAV) at 26/01/2018 was:
					Number of shares in issue:
Per Ordinary share (bid price) - including unaudited current period revenue*			258.38p		19,757,828
Per Ordinary share (bid price) - excluding current period revenue*			254.05p
Ordinary share price			260.00p
Premium / (Discount) to NAV			0.62%
Ordinary shares have an undated life
ZDP share			100.19p		12,780,083
ZDP share price			106.00p
Premium to NAV			5.80%
ZDP shares are held in a subsidiary and have a redemption date of 30/04/2025
*Current period revenue covers the period 01/05/2017 to 26/01/2018
		Name of company				% of portfolio
1		Diversified Gas & Oil Plc Ordinary 1p				2.52
2		DiscoverIE Group Plc GBp 5				2.49
3		StatPro Group Plc Ordinary 1p				2.43
4		Marston's Plc Ordinary 7.375p				2.10
5		Alumasc Group (The) Plc Ordinary 12.5p				2.04
6		De La Rue Plc Ordinary 44.868p				1.97
7		Randall & Quilter Investment GBp2				1.96
8		Jarvis Securities Plc Ordinary 1p				1.93
9		Amino Technologies Plc GBp 1				1.89
10		McColl's Retail Group Plc Ordinary 0.1p				1.88
11		Dairy Crest Group Plc Ordinary 25p				1.81
12		Kier Group PLC Ordinary 1p				1.80
13		Galliford Try Plc Ordinary 50p				1.79
14		Mucklow (A&J) Group Plc REIT 25p				1.79
15		Curtis Banks Group Plc GBp0.5				1.76
16		Ramsdens Holdings Plc Ordinary				1.74
17		Belvoir Lettings Plc Ordinary				1.73
18		Severfield Plc Ordinary 2.5p				1.68
19		Braemar Shipping Services Plc GBp 10				1.66
20		Polar Capital Holdings Plc GBp 2.5				1.64