Dividend Declaration

SMALL COMPANIES DIVIDEND TRUST PLC

The Company has today declared a second interim dividend in respect of the year
1 May 2006 to 30 April 2007.

The second interim dividend of 3.0p net per Ordinary share will be paid on 29
December 2006 to the holders of Ordinary shares on the register at 8 December
2006.

30 November 2006