Annual General Meeting

BFS Small Co Div Tst PLC
25 August 2000


BFS SMALL COMPANIES DIVIDEND TRUST PLC

Following today's Annual General Meeting, the Company is pleased to announce
that all resolutions were passed by shareholders.

Shareholders voted to approve an increase in the authorised share capital of
the Company from £4,125,000 to £8,250,000 by the creation of 16,500,000
Ordinary shares of 25p each.

The shareholders also passed the Special Resolutions as set out in the Notice
of the Meeting  authorising and empowering the Board in respect of sections 80
and 95 of the Companies Act 1985.