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 26 June 2008, 491 Ordinary shares at a price of 119.89p
each. The shares were purchased pursuant to a regular monthly standing order
through the Alliance Trust.

Lord Lamont is now deemed to have a disclosable interest in 6,183 Ordinary
shares, representing 0.038% of the issued share capital.

3 July 2008