Dividend Declaration

Shires Smaller Companies PLC
05 October 2006


News Release


5 October 2006


Shires Smaller Companies plc

The Board of Shires Smaller Companies plc has declared a third interim dividend
of 3.25p per share in respect of the year to 31 December 2006 (third interim
2005: 3.0p) payable on 31 October 2006 to shareholders on the register at close
of business on 13 October 2006.

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


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