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 18 December 2006, 341 ordinary shares (representing 0.0%
of the issued class of capital) at a price of 232p each. The shares were
purchased pursuant to a regular monthly standing order through the Chelverton
Savings Plan.

Lord Lamont is now deemed to have a disclosable interest in 341 ordinary
shares, representing 0.00% of the issued share capital.

19 December 2006


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