Smaller Companies Value Trust PLC



The follwing amendment should be made to the Net Asset Values announcement
released today at 13:49: The value for Capital Shares should read 217.21 sted
271.21.

All other details remain unchanged; the full corrected text appears below:

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

                     30 March 2007

   Package Unit              271.99   pence per share

   Capital Shares            217.21   pence per share

   Income Shares              54.78   pence per share

These figures include the revenue to date for the current financial year.
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