Annual Information Update

Annual Information Update

In accordance with Prospectus Rule 5.2 the Company reports upon information
that it has published or made available to the public over the 13/07/07 to 26/
07/07.

In accordance with PR 5.2.7 some of the information included in the list may be
out of date.

Company Announcements

The Company has made the following announcements through PR Newswire, its
appointed RIS in the UK.

Date                         Announcement heading              
                                                               
Tue 03 Jul, 2007             Portfolio Update                  
                                                               
Fri 29 Jun, 2007             Holding(s) in Company             
                                                               
Thu 07 Jun, 2007             Holding(s) in Company             
                                                               
Wed 30 May, 2007             Final Results                     
                                                               
Tue 03 Apr, 2007             Portfolio Update                  
                                                               
Wed 14 Mar, 2007             Holding(s) in Company             
                                                               
Thu 01 Mar, 2007             Director Declaration              
                                                               
Wed 07 Feb, 2007             Holding(s) in Company             
                                                               
Mon 29 Jan, 2007             Holding(s) in Company             
                                                               
                             Holding(s) in Company             
                                                               
Wed 03 Jan, 2007             Portfolio Update                  
                                                               
Thu 28 Dec, 2006             Holding(s) in Company             
                                                               
Tue 19 Dec, 2006             Holding(s) in Company             
                                                               
                             Total Voting Rights               
                                                               
Wed 13 Dec, 2006             Director Declaration              
                                                               
Fri 01 Dec, 2006             Change to credit facility         
                                                               
Mon 27 Nov, 2006             Interim Results                   
                                                               
Fri 27 Oct, 2006             Holding(s) in Company             
                                                               
Tue 03 Oct, 2006             Portfolio Update                  
                                                               
Fri 14 Jul, 2006             AGM Statement                     

Net asset values, announced weekly and at the month end are not included in the
above list.

Filing at Companies House

During the period the following documents were filed at Companies House:

Date            Document number             Description                       
                                                                              
02/02/2007      363s                        Return made up to 21/12/06        
                                                                              
19/09/2006      287                         Registered off changed            
                                                                              
19/09/2006      288c                        Secretary's particulars changed   
                                                                              
01/08/2006      RES09                       Special Resolutions passed at AGM 
                                                                              
27/07/2006      AA                          Full accounts made up to 31/03/06 

Inspection of Documents

The Company does not have its own website.

The Investment Manager has its own website at www.montanaro.co.uk which
contains the following documents:

Annual Report

Interim Report

NAV

Monthly Factsheet

Copies of certain documents that are required to be lodged at the FSA in
accordance with the Listing Rules, Prospectus Rules and Disclosure Rules are
available for inspection at the following address:

Financial Services Authority

25 The North Colonnade

Canary Wharf

London E14 5HS

Tel [phone]

Copies of announcements other than NAV announcements may be viewed at the
following link http://moneyworld.uk-wire.com/cgi-bin/index?company=MTU. Please
note that this site is not the responsibility of the Company.

Copies of documents filed at Companies House are available at Registrar of
Companies, Companies House, Crown Way, CARDIFF, CF14 3UZ tel [phone].
They may also be downloaded from its website at 
www.direct.companieshouse.gov.uk.

Copies of any of the above items may be obtained free of charge from the office
of the Company Secretary at the registered office address:

Capita Sinclair Henderson Limited

Beaufort House

51 New North Road

Exeter

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