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:

                      16 November 2007

Package Unit          230.54                pence per share

Capital Shares        171.70                pence per share

Income Shares         58.84                 pence per share

These figures exclude all income:

                                 16 November 2007

Package Unit                     225.47       pence per share

Capital Shares                   171.70       pence per share

Income Shares                    53.77        pence per share



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