Net Asset Value(s)

Small Companies Dividend Trust PLC                                             
                                                                               
The Company announces:                                                         
                                                                               
Total Assets (including unaudited revenue reserves at 04/03/2016) of £46.01m   
                                                                               
Net Assets (including unaudited revenue reserves at 04/03/2016) of £35.58m     
                                                                               
                                                                               
                                                                               
The Net Asset Value (NAV) at 04/03/2016 was:                                   
                                                                               
                                                                      Number of
                                                                      shares in
                                                                         issue:
                                                                               
Per Ordinary share (bid price) - including                 214.96p   16,550,000
unaudited current period revenue*                                              
                                                                               
Per Ordinary share (bid price) - excluding current         209.51p             
period revenue*                                                                
                                                                               
Ordinary share price                                       186.50p             
                                                                               
Discount to NAV                                           (13.24)%             
                                                                               
Ordinary shares have an undated life                                           
                                                                               
                                                                               
                                                                               
ZDP share                                                  122.75p    8,500,000
                                                                               
ZDP share price                                            127.00p             
                                                                               
Premium to NAV                                               3.46%             
                                                                               
ZDP shares are held in a subsidiary and have a redemption date of 08/01/2018   
                                                                               
                                                                               
                                                                               
*Current period revenue covers the period 01/05/2015 to 04/03/2016             
                                                                               
                                                                               
                                                                               

             Name of company                                               % of
                                                                      portfolio
                                                                               
           1 Avesco Group Plc Ordinary 10p                                 3.32
                                                                               
           2 Coral Products Plc Ordinary 1p                                2.91
                                                                               
           3 Connect Group Plc Ordinary 5p                                 2.34
                                                                               
           4 Moss Bros Group Plc Ordinary 5p                               2.25
                                                                               
           5 Games Workshop Group Plc Ordinary 5p                          2.24
                                                                               
           6 Shoe Zone (Holdings) Limited Ordinary 1p                      2.21
                                                                               
           7 Town Centre Securities Plc REIT 25p                           2.18
                                                                               
           8 Clarke (T.) Plc Ordinary 10p                                  2.16
                                                                               
           9 Marston's Plc Ordinary 7.375p                                 2.14
                                                                               
          10 Alumasc Group (The) Plc Ordinary 12.5p                        2.12
                                                                               
          11 GVC Holdings Plc Common EUR0.01                               2.11
                                                                               
          12 Kier Group PLC Ordinary 1p                                    2.08
                                                                               
          13 GLI Finance Ltd                                               2.05
                                                                               
          14 Photo-Me International Plc Ordinary 0.5p                      2.00
                                                                               
          15 Brown (N) Group Ordinary 11.052p                              1.98
                                                                               
          16 Kcom Group Plc Ordinary 10p                                   1.96
                                                                               
          17 Jarvis Securities Plc Ordinary 1p                             1.85
                                                                               
          18 Braemar Shipping Services Plc GBp 10                          1.83
                                                                               
          19 Belvoir Lettings Plc Ordinary                                 1.83
                                                                               
          20 Hansard Global Plc Ordinary 0.5p                              1.67