Holding(s) in Company

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES                                              
                                                                                            
1. Identity of the issuer or the underlying issuer                                          
of existing shares to which voting rights are attached:     Small Companies Dividend Trust PLC       
                                                                                            
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 Investment
notification obligation:                                                      Management Ltd
                                                                                            
4. Full name of shareholder(s)                   
(if different from 3.):                          Pershing Nominees Limited [MDCLT] - 638,552
                                                                                      shares
                                           
                                                 Pershing Nominees Limited [MDISA] - 508,851
                                                                                      shares

5. Date of the transaction and date on
which the threshold is crossed or
reached:                                                                        27 June 2013

6. Date on which issuer notified:                                               28 June 2013
                                                                                            
7. Threshold(s) that is/are crossed or
reached:                                                                    Under 8 per cent

8. Notified details:

A: Voting rights attached to shares                                                                     
                                                                                                        
Class/type of    Situation previous         Resulting situation after the triggering transaction
shares           to the triggering
                 transaction

if possible      Number       Number       Number      Number of voting      % of  voting rights
using            of           of           of shares   rights                                          
the ISIN CODE    Shares       Voting                                                                   
                              Rights       Direct      Direct   Indirect     Direct    Indirect

GB0006615862     1,315,690    1,315,690    1,147,403   1,147,403             7.06% 

                                                                                                        
B: Qualifying Financial Instruments                                                                     
                                                                                                        
Resulting situation after the triggering transaction                                                    
                                                                                                        
Type of financial     Expiration  Exercise/             Number of voting        % of voting
instrument            date        Conversion Period     rights that may be      rights
                                                        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 financial  Exercise    Expiration Exercise/     Number of voting rights  % of voting rights
instrument         price       date       Conversion    instrument refers to
                                          period                                                        
                                                                                 Nominal   Delta
                                                                                                        
                                                                                                        
Total (A+B+C)

Number of voting rights                Percentage of voting rights
                                                                                                        
1,147,403                              7.06%


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:                                                               

14. Contact name:                           Mike Waddington

15. Contact telephone number:               0161 228 1709