Dividend Declaration

Shires Smaller Companies PLC
05 July 2007


News Release


5 July 2007


Shires Smaller Companies plc

The Board of Shires Smaller Companies plc has declared a second interim dividend
of 3.35p per share in respect of the year to 31 December 2007 (second interim
2006: 3.25p) payable on 31 July 2007 to shareholders on the register at close of
business on 13 July 2007.

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


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