SDL.L Regulatory News (SDL)

1. Identity of the issuer or the underlying issuer of existing shares  to which voting rights are attached:

SDL PLC

2. Reason for the notification

An acquisition or disposal of voting rights

YES

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares alreadv issued to which votinq riqhts are attached

An acquisition or disposal of instruments with a 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 notification obligation:

Aberforth Partners LLP

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

Shareholder Shares

1. Aberforth Smaller Companies Trust plc. 4,180,831

2. Aberforth UK Small Companies Fund 602,852

All shares are registered in the name of Nortrust Nominees Ltd A/c Aberfth

5. Date of transaction (and date on which the threshold is crossed or reached if different):

18/08/2015

6. Date on which issuer notified:

19/08/2015

7. Threshold(s) that is/are crossed or reached:

5%

8: Notified Details

A: Voting rights attached to shares

Class/type

of shares

If possible use

ISIN code

Situation previous to the

triggering transaction

Resulting situation after the triggering transaction

Number of

shares

Number of

voting rights

Number of

shares

Number of voting rights

% of voting rights

Direct I Indirect

Direct I Indirect

Ordinary Below 5% Below 5% 4,783,683  N/A 4,783,683  N/A 5.90

GB0009376368

Number of voting rights

Percentage of voting rights

4,783 683

5.90

Proxy Voting:

10. Name of proxy holder:

N/A

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

N/A

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

N/A

13. Additional information:

14. Contact name:

Pauline Robson, Aberforth Partners LLP

15. Contact telephone name:

0131 220 0733