Director/PDMR Shareholding

SMALL COMPANIES DIVIDEND TRUST PLC

Director’s Shareholding

Small Companies Dividend Trust plc (‘Company’) has been advised that Lord Lamont, a Director of the Company, acquired 163 Ordinary shares on 07 July 2015 at a price of 174.3900p each through his dividend reinvestment arrangement.

As a result of the above, Lord Lamont's notifiable interest in the Company's shares now totals 63,368 Ordinary shares, which represents approximately 0.383% of the Company’s issued share capital.

Phoenix Administration Services Limited

Corporate Secretary

14 July 2015