Holding(s) in Company

SMALL COMPANIES DIVIDEND TRUST PLC

The Company has today been informed that The Royal Bank of Scotland Group plc
are interested in 733,500 Ordinary 25p shares representing 4.66% of the issued
class of capital. This announcement serves notice that RBSG International
Holdings Limited and The Royal Bank of Scotland plc are also interested in the
above shares.

27 January 2005