Annual Information Update

Montanaro UK Smaller Companies Investment Trust PLC - 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 12 month period
ended 29 June 2012.

Company Announcements

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

20 June 2012            Annual Financial Report                                
                                                                               
31 May 2012             Holdings in Company                                    
                                                                               
9 February 2012         Holdings in Company                                    
                                                                               
8 February 2012         Holdings in Company                                    
                                                                               
7 February 2012         Interim Management Statement                           
                                                                               
2 February 2012         Holdings in Company                                    
                                                                               
19 December 2011        New Loan Facility                                      
                                                                               
2 December 2011         Holdings in Company                                    
                                                                               
29 November 2011        Half-Yearly Report                                     
                                                                               
31 October 2011         Appointment of Financial Advisor and Corporate Broker  
                                                                               
9 August 2011           Holdings in Company                                    
                                                                               
2 August 2011           Interim Management Statement                           
                                                                               
29 July 2011            Result of AGM                                          
                                                                               
29 June 2011            Annual Information Update                              

Net asset values, announced daily 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                          
                                                                               
22 December 2011     AR01                 Annual Return                        
                                                                               
22 December 2011     CH04                 Corporate Secretary's Change of      
                                          Particulars                          
                                                                               
22 December 2011     CH01                 Directors' Change of Particulars     
                                                                               
8 August 2011        AA                   Full Accounts made up to 31/03/11    

Inspection of Documents

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

  * Board and Corporate Governance
   
  * Reports & Documents
   
  * Regulatory News
   
  * Principal Contacts and Advisers
   
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 http://www.hemscott.com/nsm.do

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:

Beaufort House
51 New North Road
Exeter
Devon
EX4 4EP