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:

                                        26 October 2007

Package Unit                            249.19                                  pence per share

Capital Shares                          190.89                                  pence per share

Income Shares                           58.30                                   pence per share

These Figures exclude all inclome:

                                        26 October 2007

Package Unit                            244.41                                  pence per share

Capital Shares                          190.89                                  pence per share

Income Shares                           53.52                                   pence per share



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