Smaller Companies Value Trust PLC



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

                        12 October 2007

Package Unit            251.52                   pence per share

Capital Shares          193.59                   pence per share

Income Shares           57.93                    pence per share

These figures exclude all income:

                        12 October 2007

Package Unit            246.95                   pence per share

Capital Shares          193.59                   pence per share

Income Shares           53.36                    pence per share



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