Holding(s) in Company

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi                                         
                                                                                        
                                                                                        
1. Identity of the issuer or the underlying issuer              Small Companies Dividend
of existing shares to which voting rights are                          Trust plc        
attached:ii                                                                             
                                                                                        
2. Reason for the notification (please tick the appropriate box or boxes):               
                                                                                        
An acquisition or disposal of voting rights                                            X
                                                                                        
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                      Henderson Global Investors
notification obligation:iii                                                             
                                                                                        
4. Full name of shareholder(s)                                                          
 (if different from 3.):iv                                                              
                                                                                        
5. Date of the transaction and date on                                                  
which the threshold is crossed or                                  17 February 2015     
reached: v                                                                              
                                                                                        
6. Date on which issuer notified:                                  18 February 2015     
                                                                                        
7. Threshold(s) that is/are crossed or                                 Below 5%         
reached: vi, vii                                                                        
                                                                                        

8. Notified details:                                                                            
                                                                                                
A: Voting rights attached to shares viii, ix                                                    
                                                                                                
Class/type of           Situation previous     Resulting situation after the triggering          
shares                  to the triggering      transaction                                       
                        transaction                                                             
                                                                                                
if possible using       Number     Number      Number     Number of voting   % of  voting        
the ISIN CODE           of         of          of shares  rights             rights x            
                        Shares     Voting                                                        
                                   Rights      Direct     Direct   Indirect  Direct    Indirect  
                                                          xi       xii                           
                                                                                                
       Ordinary                                                                                 
                        1,410,497  1,410,497                       Below 5%            Below 5%  
     GB0006615826                                                                               
                                                                                                
                                                                                                
                                                                                                
                                                                                                
B: Qualifying Financial Instruments                                                             
                                                                                                
Resulting situation after the triggering transaction                                            
                                                                                                
Type of financial         Expiration  Exercise/           Number of voting         % of         
instrument                date xiii   Conversion Period   rights that may be       voting       
                                      xiv                 acquired if the          rights       
                                                          instrument is                         
                                                          exercised/                            
                                                          converted.                            
                                                                                                
                                                                                                
                                                                                                
                                                                                                
                                                                                                
C: Financial Instruments with similar economic effect to Qualifying Financial                   
Instruments xv, xvi                                                                             
                                                                                                
Resulting situation after the triggering transaction                                            
                                                                                                
Type of financial        Exercise Expiration Exercise/   Number of voting      % of voting      
instrument               price    date xvii  Conversion  rights instrument     rights xix,      
                                             period      refers to             xx               
                                             xviii                                              
                                                                               Nominal  Delta   
                                                                                                
                                                                                                
                                                                                                
                                                                                                
                                                                                                
Total (A+B+C)                                                                                   
                                                                                                
Number of voting rights                   Percentage of voting rights                  
                                                                                                
       Below 5%                                    Below 5%                      
                                                                                                

 

9. Chain of controlled undertakings through which the voting rights and/or the          
financial instruments are effectively held, if applicable: xxi                          
                                                                                        
                                                                                        
                                                                                        
                                                                                        
                                                                                        
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:                                                                          
                                                                                        
                              This disclosure has been calculated based on total voting 
13. Additional information:             rights in issue amount of 16,550,000.           
                                                                                        
14. Contact name:                                  Scott Dickenson                      
                                                                                        
15. Contact telephone number:                       020 7818 4184