Director/PDMR Shareholding

SMALL COMPANIES DIVIDEND TRUST PLC

The Company has been advised that Lord Lamont of Lerwick, a Director of the
Company, purchased on 25 July 2008, 707 Ordinary shares at a price of 0.91p
each. The shares were purchased pursuant to a regular monthly standing order
through the Alliance Trust.

Lord Lamont is now deemed to have a disclosable interest in 6,890 Ordinary
shares, representing 0.042% of the issued share capital.

4 August 2008