Dividend Declaration

Shires Smaller Companies PLC
06 April 2004


News Release

6 April 2004

Shires Smaller Companies plc

The Board of Shires Smaller Companies plc has declared a first interim dividend
of 3.0p per share in respect of the year to 31 December 2004 (first interim
2003: 3.0p) payable on 30 April 2004 to shareholders on the register at close of
business on 16 April 2004.

Shires Smaller Companies plc is managed by Glasgow Investment Managers Limited.

End




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