Holding(s) in Company

Small Companies Dividend Trust PLC (the Company)

The Company was today advised by Dartmoor Investment Trust plc that as a result
in the increase of the Company's issued Ordinary share capital, their
shareholding percentage has decreased from 11.11% to 10.77% on their holding of
1,750,000 Ordinary shares in the Company.

The Company's issued Ordinary share capital is 16,250,000.

7 November 2005