Director/PDMR Shareholding

SMALL COMPANIES DIVIDEND TRUST PLC

The Company has been advised that Lord Lamont, a Director of the Company,
purchased on 11 January 2011, 113 Ordinary shares at a price of 101.00p each.
The shares were purchased via a dividend reinvestment arrangement.

Lord Lamont's notifiable interest in the Company's shares now totals 50,431
Ordinary shares, representing 0.31% of the issued share capital.

19 January 2011