Director/PDMR Shareholding

SMALL COMPANIES DIVIDEND TRUST PLC

The Company has been advised that Lord Lamont of Lerwick, a Director of the
Company, purchased on 17 July 2007, 339 ordinary shares at a price of 233p
each. The shares were purchased pursuant to a regular monthly standing order
through the Chelverton Savings Plan.

Lord Lamont is now deemed to have a disclosable interest in 2,725 ordinary
shares, representing 0.02% of the issued share capital.

18 July 2007