SMALL COMPANIES DIVIDEND TRUST PLC - Holding(s) in Company

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi


1. Identity of the issuer or the underlying issuer              Small Companies Dividend
of existing shares to which voting rights are                          Trust plc
attached:ii

2. Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights                                            X

An acquisition or disposal of qualifying financial instruments which may result
in the acquisition of shares already issued to which voting rights are attached

An acquisition or disposal of instruments with similar economic effect to
qualifying financial instruments

An event changing the breakdown of voting rights

Other (please specify):

3. Full name of person(s) subject to the                      Henderson Global Investors
notification obligation:iii

4. Full name of shareholder(s)
 (if different from 3.):iv

5. Date of the transaction and date on
which the threshold is crossed or                                  17 February 2015
reached: v

6. Date on which issuer notified:                                  18 February 2015

7. Threshold(s) that is/are crossed or                                 Below 5%
reached: vi, vii


8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type of           Situation previous     Resulting situation after the triggering
shares                  to the triggering      transaction
                        transaction

if possible using       Number     Number      Number     Number of voting   % of  voting
the ISIN CODE           of         of          of shares  rights             rights x
                        Shares     Voting
                                   Rights      Direct     Direct   Indirect  Direct    Indirect
                                                          xi       xii

       Ordinary
                        1,410,497  1,410,497                       Below 5%            Below 5%
     GB0006615826




B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial         Expiration  Exercise/           Number of voting         % of
instrument                date xiii   Conversion Period   rights that may be       voting
                                      xiv                 acquired if the          rights
                                                          instrument is
                                                          exercised/
                                                          converted.





C: Financial Instruments with similar economic effect to Qualifying Financial
Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financial        Exercise Expiration Exercise/   Number of voting      % of voting
instrument               price    date xvii  Conversion  rights instrument     rights xix,
                                             period      refers to             xx
                                             xviii
                                                                               Nominal  Delta





Total (A+B+C)

Number of voting rights                   Percentage of voting rights

       Below 5%                                    Below 5%




9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable: xxi





Proxy Voting:

10. Name of the proxy holder:

11. Number of voting rights proxy holder will cease
to hold:

12. Date on which proxy holder will cease to hold
voting rights:

                              This disclosure has been calculated based on total voting
13. Additional information:             rights in issue amount of 16,550,000.

14. Contact name:                                  Scott Dickenson

15. Contact telephone number:                       020 7818 4184