Result of AGM

SMALL COMPANIES DIVIDEND TRUST PLC

RESULT OF AGM

The Company is pleased to announce that at the Annual General Meeting held
earlier today all resolutions were passed on a show of hands.

The details of the proxy votes lodged are set out below;

Proxy Votes                                                                    
                                                                               
                                  For        %     Against      %     Withheld 
                                                                               
1. To receive the Report of    3,440,066    100       0         0    2,051,702 
the Directors and the audited                                                  
financial statements for the                                                   
year ended 30 April 2012                                                       
                                                                               
2. To receive and approve the  3,425,066   99.56    15,000    0.44   2,051,702 
Directors' remuneration report                                                 
                                                                               
3. To re-elect Mr Harris as a  5,476,768   99.73    15,000    0.27       0     
Director                                                                       
                                                                               
4. To re-elect Mr van          3,425,066   62.37  2,066,702   37.63      0     
Heesewijk as a Director                                                        
                                                                               
5. To re-appoint Hazlewoods    3,440,066    100       0         0    2,051,702 
LLP as Auditors and to                                                         
authorise the Directors to                                                     
determine their remuneration                                                   
                                                                               
6. To authorise the allotment  3,417,566   99.35    22,500    0.65   2,051,702 
of shares                                                                      
                                                                               
7. To authorise the Directors  3,420,066   99.42    20,000    0.58   2,051,702 
to issue shares having                                                         
disapplied pre-emption rights                                                  
                                                                               
8. Authority to buyback shares 3,422,566   99.49    17,500    0.51   2,051,702 
                                                                               
9. To hold general meetings on 3,425,066   99.56    15,000    0.44   2,051,702 
not less than 14 clear days'                                                   
notice                                                                         

A copy of the resolutions will be submitted to the National Storage Mechanism
and will be available for viewing at http://www.hemscott.com/nsm.do.

Enquiries:

William Van Heesewijk

Telephone: [phone]

7 September 2012