Change to Credit facility

MONTANARO UK SMALLER COMPANIES INVESTMENT TRUST PLC

The Company announces that it has agreed to extend its existing £15m revolving
credit facility with ING Bank N.V., London Branch, to £25m. The key terms of
the facility will be unchanged, namely 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.

26 September 2007