Director/PDMR Shareholding

SMALL COMPANIES DIVIDEND TRUST PLC

The Company has been advised that Lord Lamont, a Director of the Company, purchased 249 Ordinary shares on 7 July 2016 at a price of 181.15p each.

The shares were purchased via a dividend reinvestment arrangement. Lord Lamont's notifiable interest in the Company's shares now totals 69,297 Ordinary shares, representing 0.42% of the issued share capital.

Maitland Administration Services Limited

Corporate Secretary

Tel. 01245 398984

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