Smaller Companies Value Trust PLC



Scottish Widows Investment Partnership Limited announces the following unaudited
Net Asset Values of Smaller Companies Value Trust plc:

These figures include all income:

                           2 May 2008
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Package Unit               192.49                            pence per share
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Capital Shares             134.83                            pence per share
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Income Shares              57.66                             pence per share
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These figures exclude all income:

                           2 May 2008
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Package Unit               190.57                            pence per share
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Capital Shares             134.83                            pence per share
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Income Shares              55.74                             pence per share
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Smaller Companies Value Trust (LSE:SVLC)
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