Director Shareholding

BFS Small Companies Dividend Trust PLC

The Company was informed on 3 April 2003 that W van Heesewijk, an Alternate
Director of the Company, purchased on 2 April 2003, 1,667 Ordinary shares at a
price of 60p. each.

Following this transaction W van Heesewijk now holds 2,917 Ordinary shares
(representing 0.02% of the issued class of capital).

3 April 2003.