Dividend Declaration

SMALL COMPANIES DIVIDEND TRUST PLC

The Company has today declared a fourth interim dividend in respect of the
financial year ended 30 April 2009.

The fourth interim dividend of 1.70p per Ordinary share will be paid on 15 July
2009 to the holders of Ordinary shares on the register as at 3 July 2009.

This amount includes an additional 0.25p per Ordinary share which takes into
account the VAT repayment from the Investment Manager.

The total dividend paid for the year to 30 April 2009 will be 7.30p per
Ordinary share.

25 June 2009