Director/PDMR Shareholding

Shires Smaller Companies PLC
07 February 2008

                                  SCHEDULE 11

          NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS

1) Name of company:  Shires Smaller Companies plc

2) Name of director: Dinah Nichols

3) Please state whether notification indicates that it is in respect of holding
of the shareholder named in 2 above or in respect of a non-beneficial interest
or in the case of an individual holder if it is a holding of that person's
spouse or children under the age of 18 or in respect of a non-beneficial
interest:  Director

4) Name of the registered holder(s) and, if more than one holder, the number of
shares held by each of them (if notified): Puddle Dock Nominees Ltd

5) Please state whether notification relates to a person(s) connected with the
Director named in 2 above and identify the connected person(s)

6) Please state the nature of the transaction. For PEP transactions please
indicate whether general/single co PEP and if discretionary/non discretionary:
The Glasgow ISA

7) Number of shares/amount of stock acquired: 56

8) Percentage of issued class:  0.00%

9) Number of shares/amount of stock disposed:

10) Percentage of issued class:

11) Class of security:  Ordinary 50p shares

12) Price per share:  159p

13) Date of transaction:  6 February 2008

14) Date company informed:  7 February 2008

15) Total holding following this notification:  2,075 (all beneficial)

16) Total percentage holding of issued class following this notification:  0.01%

If a director has been granted options by the company please complete the
following boxes

17) Date of grant
18) Period during which or date on which exercisable
19) Total amount paid (if any) for grant of the option
20) Description of shares or debentures involved: class, number
21) Exercise price (if fixed at time of grant) or indication that price is to be
fixed at time of exercise
22) Total number of shares or debentures over which options held following this
notification
23) Any additional information
24) Name of contact and telephone number for queries: Grace Holland 0131 528
4135
25) Name and signature of authorised company official responsible for making
this notification:  Graeme McDonald

Date of Notification:  7 February 2008


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