Dividend Declaration

Shires Smaller Companies PLC
04 October 2007

News Release



4 October 2007



Shires Smaller Companies plc



The Board of Shires Smaller Companies plc has declared a third interim dividend
of 3.35p per share in respect of the year to 31 December 2007 (third interim
2006: 3.25p) payable on 31 October 2007 to shareholders on the register at close
of business on 12 October 2007.



Shires Smaller Companies plc is managed by Glasgow Investment Managers Limited.



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