Directorate Change

SMALL COMPANIES DIVIDEND TRUST PLC                       

The Company is pleased to announce the appointment of The Right Honourable Lord
Lamont of Lerwick, as a Director of the Board, with immediate effect. Lord
Lamont will also act as Chairman of the Company.

Lord Lamont is currently a director of:

Balli Group plc

European Growth and Income Trust plc

Jupiter Second Split Trust plc

RAB Capital plc

Compagnie Internationale de Participations Bancaires et Financieres
(Luxembourg)

Scottish Re plc (Cayman Islands)

Previous directorships held by Lord Lamont:

East European Food Fund plc

Jupiter Finance and Income Trust plc

Banca Commerciala Robank (Romania)

Galileo Innovation plc

There are no further details required to be disclosed pursuant to Listing Rule
9.6.13 (1) - (6).

Enquiries:


William van Heesewijk

Chelverton Asset Management Limited

Tel: [phone]

27 February 2006