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 2 October 2008, 104 Ordinary shares at a price of 92.75p
each. The shares were purchased pursuant to a regular monthly standing order
through the Alliance Trust and the dividend reinvestment arrangement.

Lord Lamont is now deemed to have a disclosable interest in 8,187 Ordinary
shares, representing 0.05% of the issued share capital.

8 October 2008