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:

                             9 November 2007

Package Unit                 234.77         pence per share

Capital Shares               176.21         pence per share

Income Shares                58.56          pence per share

These figures exclude all income:

                               9 November 2007

Package Unit                   229.90      pence per share

Capital Shares                 176.21      pence per share

Income Shares                  53.69       pence per share



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