RNS Number:4450V
SMALLER COMPANIES VALUE TRUST PLC
2 May 2002



Smaller Companies Value Trust plc (the "Company") - redemption of redeemable
preference shares


The Company has today redeemed in full its 50,000 unlisted redeemable preference
shares of £1 each. The unissued share capital created by this redemption has
been redesignated as Capital Shares of 1 penny each in the Company.


Enquiries

Anthony Bushell, Chairman                             020 7356 2014
Smaller Companies Value Trust plc

Andrew Zychowski / David Yovichic
Dresdner Kleinwort Wasserstein                        020 7623 8000


2 May 2002


                      This information is provided by RNS
            The company news service from the London Stock Exchange
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