Dividend Declaration

SMALL COMPANIES DIVIDEND TRUST PLC

The Company has today declared a fourth interim dividend and Special Dividend
in respect of the year 1 May 2013 to 30 April 2014.

The fourth interim dividend of 2.40p per Ordinary share will be paid on 10 July
2014 to the holders of Ordinary shares on the register at 27 June 2014, with an
ex-dividend date of 25 June 2014.

The Special Dividend of 2.75p shall be paid on 10 July 2014 to holders of
Ordinary shares on the register at 27 June 2014, with an ex-dividend date of 
25 June 2014.

19 June 2014