Holding(s) in Company

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES                                
                                                                         
1. Identity of the issuer or the underlying issuer of         Small Companies
existing shares to which voting rights are attached:          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         
notification obligation:                               Funds under the management of
                                                       Midas Investment Management
                                                       Ltd

4. Full name of shareholder(s) (if different           Pershing Nominees Limited    
from 3.):                                              [MDCLT] - 492,152 shares     
                                                                              
                                                       Pershing Nominees Limited    
                                                       [MDISA] - 227,472 shares     
                                                                              
5. Date of the transaction and date on which the       11 September 2013      
threshold is crossed or reached:                                              
                                                                              
6. Date on which issuer notified:                      11 September 2013      
                                                                              
7. Threshold(s) that is/are crossed or reached:        Under 5 per cent       

8. Notified details:                                                          
                                                                              
A: Voting rights attached to shares                                           
                                                                              
Class/type     Situation         Resulting situation after the triggering       
of             previous          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       Shares   Voting                                                  
CODE                    Rights   Direct     Direct  Indirect    Direct   Indirect  
                                                                        
GB0006615826   820,624  820,624  719,624    719,624             4.43%              


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       % of voting
financial     price       date          Conversion   voting          rights
instrument                              period       rights
                                                     instrument
                                                     refers to
                                                                     Nominal  Delta 



Total (A+B+C)                                                                 
                                                                              
Number of voting rights         Percentage of voting rights               
                                                                              
719,624                         4.43%                                     



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