Interim Dividend

Shires Smaller Companies PLC
03 January 2008


News Release


3 January 2008


SHIRES SMALLER COMPANIES PLC


The Board of Shires Smaller Companies plc has declared a fourth interim dividend
of 4.90p (2006 - 4.75p) per share in respect of the year to 31 December 2007
payable on 31 January 2008 to shareholders on the register at close of business
on 11 January 2008. The total of the four interim dividends declared in respect
of the year to 31 December 2007 is 14.95p (2006 - 14.50p).

Shires Smaller Companies plc is managed by Glasgow Investment Managers Limited,
a Company ultimately owned by Aberdeen Asset Management plc.



                      This information is provided by RNS
            The company news service from the London Stock Exchange        VQBLFFDLBZFBK