Change to credit facility

MONTONARO UK SMALLER COMPANIES INVESTMENT TRUST PLC

The Company announces that it has agreed a new £15m revolving credit facility
with ING Bank N.V., London Branch. This replaces the existing £10m facility.
 

The key terms of the new facility are that it is for a five year period with
effect from 29 November 2006 and interest is payable at LIBOR plus a margin of
sums drawn down, with the option to fix rates.   No breakage charges were
payable in respect of termination of the existing facilities


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