Holding(s) in Company

Small Companies Dividend Trust PLC

The Company has been notified by BFS Investments plc that, following the sale
of 100,000 Ordinary shares on 11 July 2005 by BFS Income & Growth Trust PLC,
the total interest by discretionary clients and staff of BFS Investments plc is
now 1,521,324 Ordinary shares, representing 9.66% of the issued class of
capital.

12 July 2005