Result of AGM

SMALL COMPANIES DIVIDEND TRUST PLC

RESULT OF ANNUAL GENERAL MEETING

The Company is pleased to announce that at the Annual General Meeting held
earlier today, all resolutions were passed on a show of hands.

Resolutions 1 to 7 related to Ordinary Business. Resolutions 8 to 11 related to
Special Business, as set out below:

Resolution 1: To receive the Strategic Report, Directors' Report, Auditor's
Report and the audited financial statements for the year ended 30 April 2014.

Resolution 2: To receive and approve the Directors' Remuneration Report for the
year ended 30 April 2014.

Resolution 3: To receive and approve the Directors' Remuneration Policy.

Resolution 4: To re-elect Mr Myles as a Director.

Resolution 5: To re-elect Mr Harris as a Director.

Resolution 6: To re-elect Mr van Heesewijk as a Director.

Resolution 7: To re-appoint Hazlewoods LLP as Auditor and to authorise the
Directors to determine their remuneration.

Resolution 8: To authorise the allotment of shares.

Resolution 9: To authorise the Directors to issue shares having disapplied
pre-emption rights.

Resolution 10: Authority to buyback shares.

Resolution 11: Authority to hold general meetings on 14 clear days' notice.


A copy of the resolutions passed as Special Business will be submitted to the National Storage Mechanism
and will be available for viewing at www.morningstar.co.uk/uk/nsm.



Enquiries:

William Van Heesewijk
Telephone: [phone]

17 September 2014