Net Asset Value(s)

Chelverton UK Dividend Trust PLC
The Company announces:
Total Assets (including unaudited revenue reserves at 18/07/2018) of £66.08m
Net Assets (including unaudited revenue reserves at 18/07/2018) of £51.24m
The Net Asset Value (NAV) at 18/07/2018 was:
			Number of shares in issue:
Per Ordinary share (bid price) - including unaudited current period revenue*		245.76p	20850000
Per Ordinary share (bid price) - excluding current period revenue*		241.88p
Ordinary share price		238.00p
Premium / (Discount) to NAV		(3.16)%
Ordinary shares have an undated life
ZDP share		102.32p	14500000
ZDP share price		104.50p
Premium to NAV		2.13%
ZDP shares are held in a subsidiary and have a redemption date of 30/04/2025
*Current period revenue covers the period 01/05/2018 to 18/07/2018
	Name of company		% of portfolio

1	Diversified Gas & Oil Plc Ordinary 1p	3.54
2	BCA Marketplace Plc 1p	2.18
3	Marston's Plc Ordinary 7.375p	2.08
4	StatPro Group Plc Ordinary 1p	2.07
5	McColl's Retail Group Plc Ordinary 0.1p	2.07
6	Randall & Quilter Investment GBp2	2.05
7	Polar Capital Holdings Plc GBp 2.5	2.04
8	Galliford Try Plc Ordinary 50p	2.01
9	Dairy Crest Group Plc Ordinary 25p	1.95
10	De La Rue Plc Ordinary 44.868p	1.94
11	Belvoir Lettings Plc Ordinary	1.90
12	Strix Group Plc GBp 1	1.85
13	Mucklow (A&J) Group Plc REIT 25p	1.84
14	Kier Group PLC Ordinary 1p	1.82
15	Bloomsbury Publishing Plc Ordinary 1.25p	1.75
16	Shoe Zone (Holdings) Limited Ordinary 1p	1.67
17	Castings Plc Ordinary 10p	1.66
18	Premier Asset Management Group Ltd	1.65
19	Numis Corporation Plc Ordinary 5p	1.64
20	Severfield Plc Ordinary 2.5p	1.63