CHELVERTON SMALL COMPANIES DIVIDEND TRUST PLC

The Company has been advised that Lord Lamont, a Director of the Company, purchased 42 Ordinary shares on 8 January 2018 at a price of 265.00p each. The shares were purchased via a dividend reinvestment arrangement.

Lord Lamont's notifiable interest in the Company's shares now totals 69,942 Ordinary shares, representing 0.39% of the issued share capital.

Maitland Administration Services Limited

Corporate Secretary

Tel. 01245 398984