Director/PDMR Shareholding

SMALL COMPANIES DIVIDEND TRUST PLC

The Company has been advised that Mr William van Heesewijk, a Director of the
Company, purchased on 17 January 2008, 10,000 ordinary shares at a price of
136p each.

Mr van Heesewijk is now deemed to have a disclosable interest in 51,322
ordinary shares, representing 0.32% of the issued share capital.

17 January 2008