Director/PDMR Shareholding

SMALL COMPANIES DIVIDEND TRUST PLC

The Company has been advised that Lord Lamont, a Director of the Company,
purchased on 10 January 2012, 138 Ordinary shares at a price of 92.00p each.
The shares were purchased via a dividend reinvestment arrangement.

Lord Lamont's notifiable interest in the Company's shares now totals 52,078
Ordinary shares, representing 0.32% of the issued share capital.

13 January 2012