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 period
to 14 July 2010.

Company Announcements

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

07 July 2010            Director Declaration                                 
                                                                             
06 July 2010            Doc re Proposed Articles of Association              
                                                                             
05 July 2010            Director Declaration                                 
                                                                             
02 July 2010            Holding(s) in Company                                
                                                                             
21 June 2010            Annual Financial Report                              
                                                                             
16 June 2010            Directorate Change                                   
                                                                             
17 May 2010             Compliance with Model Code                           
                                                                             
01 April 2010           Directorate Change                                   
                                                                             
18 February 2010        Interim Management Statement                         
                                                                             
18 February 2010        Directorate Change                                   
                                                                             
26 November 2009        Statement re dividend payment and record date        
                                                                             
25 November 2009        Half-yearly Report                                   
                                                                             
04 November 2009        Holding(s) in Company                                
                                                                             
04 August 2009          Interim Management Statement                         
                                                                             
31 July 2009            AGM Results                                          
                                                                             
03 July 2009            Annual Information Update                            

Net asset values, announced daily 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                          
                                                                              
12/07/2010      AP01                     Director Appointed - Kathryn Matthews
                                                                              
07/07/2010      TM01                     Director Resignation - Laurence Petar
                                                                              
25/01/2010      AR01                     Annual Return                        
                                                                              
08/01/2010      AD02                     SAIL address changed                 
                                                                              
09/10/2009      AD03                     Register moved to SAIL address       
                                                                              
09/10/2009      AD02                     SAIL address created                 
                                                                              
26/08/2009      AA                       Full accounts made up to 31/03/2009  
                                                                              
07/08/2009      288b                     Director Resignation - Antony Hardy  
                                                                              
07/08/2009      RES                      Special business resolutions passed  
                                         at AGM                               
                                                                              
07/07/2010      288a                     Director Appointed - Roger Edward    
                                         Cuming                               

Inspection of Documents

The Company has its own website at www.montanarouksmaller.co.uk which contains
the following documents:

Annual Report

Half-yearly Report

Company announcements

Committee terms of reference

Director biographies

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

Annual Report

Half-yearly 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

EX4 4EP