Holding(s) in Company

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES                                
                                                                              

 

1. Identity of the issuer or the           Small Companies Dividend Trust plc 
underlying issuer of existing shares to                                       
which voting rights are attached:                                             
                                                                              
2 Reason for the notification (please tick the appropriate box or boxes):      
                                                                               
                                                                               
                                                                               
An acquisition or disposal of voting rights                              YES   
                                                                               
                                                                               
                                                                               
An acquisition or disposal of qualifying financial instruments which           
may result in the acquisition of shares already issued to which voting         
rights are attached                                                            
                                                                                                           
                                                                               
An acquisition or disposal of instruments with similar economic effect         
to qualifying financial instruments                                            
                                                                               
                                                                                                                
An event changing the breakdown of voting rights                               
                                                                               
                                                                                                      
Other (please                                                                  
specify):                                                                      
 

3. Full name of person(s) subject to the   Funds under the management of Midas
notification obligation:                   Investment Management Ltd          
                                                                                                                    
                                                                              
4. Full name of shareholder(s) (if         Pershing Nominees Ltd [MDCLT]      
different from 3.):                        (1,366,203 shares)                 
                                                                              
                                           Pershing Nominees Ltd [MDISA]      
                                           (771,924 shares)                   
                                                                                                               
                                                                              
5. Date of the transaction and date on               10 August 2012           
which the threshold is crossed or reached:                                    
                                                                                                              
                                                                              
6. Date on which issuer notified:                    13 August 2012           
                                                                              
                                                                                                             
7. Threshold(s) that is/are crossed or                 13 per cent            
reached:                                                                 

8. Notified details:                                                               
                                                                                   
A: Voting rights attached to shares                                                
                                                                                         
                                                                                   
Class/type of  Situation previous  Resulting situation after the triggering        
shares         to the triggering   transaction                                     
               transaction                                                         
                                                                                   
if possible    Number    Number    Number    Number of voting      % of  voting    
using          of        of        of shares rights                rights          
the ISIN CODE  Shares    Voting                                                    
                         Rights    Direct    Direct    Indirect    Direct  Indirect
                                                                                   
GB0006615826   1,838,127 1,838,127 2,138,127 2,138,127                     13.16%  
                                                                                   


B: Qualifying Financial Instruments                                             
                                                                                
Resulting situation after the triggering transaction                            
                                                                                
                                                                                
                                                                                
Type of financial  Expiration  Exercise/       Number of voting   % of voting   
instrument         date        Conversion      rights that may be rights        
                               Period          acquired if the                  
                                               instrument is                    
                                               exercised/                       
                                               converted.                       
                                                                                
                                               
C: Financial Instruments with similar economic effect to Qualifying Financial    
Instruments                                                                      
                                                                                 
Resulting situation after the triggering transaction                             
                                                                                 
                                                                                 
                                                                                 
Type of        Exercise Expiration Exercise/    Number of voting % of voting     
financial      price    date       Conversion   rights           rights          
instrument                         period       instrument                       
                                                refers to                        
                                                                                 
                                                                 Nominal   Delta 
                                                                                 
                                                                                                                                                          
Total (A+B+C)                                                                 
                                                                              
                                                                              
                                                                              
Number of voting rights                    Percentage of voting rights        
                                                                              
2,138,127                                  13.16%                             
                                                                              
9. Chain of controlled undertakings through which the voting rights and/or the          
financial instruments are effectively held, if applicable:                              
                                                                                                       
                          
Proxy Voting:                                                                 
                                                                                                            
10. Name of the proxy holder:                                                 
                                                                                                                                                                                                  
11. Number of voting rights proxy holder                                      
will cease to hold:                                                           
                                                                                                             
12. Date on which proxy holder will cease                                     
to hold voting rights:                                                 

13. Additional information:                With regard to the holdings        
                                           disclosed under part 4 of this     
                                           announcement, the following should 
                                           be noted in relation to the shares 
                                           held under Pershing Nominees Ltd:  
                                                                                                            
                                           Purchased, undelivered and         
                                           pre-settlement date:               
                                                                              
                                           322,000 shares                                                   
                                                                              
                                           (154,869 shares - MDCLT)           
                                                                              
                                           (167,131 shares - MDISA)           
                                                                                                                                 
14. Contact name:                          Mike Waddington                    
                                                                              
                                                                              
                                                                              
                                                                              
                                                                              
15. Contact telephone number:              0161 228 1709