Directorate Change

Chelverton Small Companies Dividend Trust PLC

LEI: 213800DAF47EJ2HT4P78

Board Succession

The Board of Chelverton Small Companies Dividend Trust PLC (the “Company”) announces that, as part of its board succession planning, Mr David Harris will retire as a Director at the forthcoming Annual General Meeting in September 2018.   Lord Lamont, the Chairman, thanks him for all his contributions to the board over the years and wishes him well for the future.

The Board are pleased to announce that Mr Andrew Watkins will be appointed to the Board as David Harris’s  successor and will join the Board after the Annual General Meeting.  Andrew has a wealth of experience in the investment trust industry across many sectors since early 1990s.

He has over 25 years’ experience in various senior roles with Invesco Perpetual, Jupiter and Flemings and has served as an NED on the Board of an asset management company and the KI Financials Master Fund  a Hedge Fund-of-Funds. He is currently a Non-executive Director of F&C UK High Income Trust Plc.

In accordance with paragraphs 9.6.13 (1) to (6) of the Listing Rules, it is confirmed that there are no additional details to be disclosed in relation to Mr Watkins.

For further information please contact:

Chelverton UK Dividend Trust PLC
William van Heesewijk
Chelverton Asset Management
[phone]

Stockdale Securities Limited
Robert Finlay / Owen Matthews
[phone]