Result of AGM

SMALL COMPANIES DIVIDEND TRUST PLC

RESULT OF AGM

The Company is pleased to announce that at the Annual General Meeting held
earlier today all resolutions were passed on a show of hands.

Resolutions 1 to 6 related to Ordinary Business. Resolutions 7 to 9 related to
Special Business, as set out below:

Resolution 1: To receive the Report of the Directors and the audited financial
statements for the year ended 30 April 2011.

Resolution 2: To receive and approve the Directors' remuneration report.

Resolution 3: To re-elect Lord Lamont as a Director.

Resolution 4: To re-elect Mr W van Heesewijk as a Director.

Resolution 5: To elect Mr H Myles as a Director.

Resolution 6: To re-appoint Hazlewoods LLP as Auditors and to authorise the
Directors to determine their remuneration.

Resolution 7: To allot shares in accordance with statutory pre-emption rights.

Resolution 8: To allot shares otherwise than in accordance with statutory
pre-emption rights.

Resolution 9: To make market purchases of the Company's shares.

A copy of the resolutions will be submitted to the National Storage Mechanism
and will be available for viewing at http://www.hemscott.com/nsm.do.

Enquiries:

William Van Heesewijk

Telephone: [phone]

23 September 2011