Director/PDMR Shareholding

SMALL COMPANIES DIVIDEND TRUST PLC

Director’s Shareholding

Small Companies Dividend Trust plc (‘Company’) has been advised that Lord Lamont, a Director of the Company, acquired 5,400 Ordinary shares on 4 August 2015 at a price of 180 pence each.

As a result of the above, Lord Lamont's notifiable interest in the Company's shares now totals 68,768 Ordinary shares, which represents approximately 0.415% of the Company’s issued share capital.

Phoenix Administration Services Limited

Corporate Secretary

4 August 2015