Directorate Change

MONTANARO UK SMALLER COMPANIES INVESTMENT TRUST PLC

Further to the announcement made on 12 February 2010, the Directors confirm
that Ms Kathryn Matthews was appointed as a Director of the Company on 1 April
2010.

Ms Matthews is currently a director of:

Fidelity Asian Values Plc

Hermes Fund Managers Ltd

Rathbone Brothers Plc.

There are no other details required to be disclosed pursuant to LR 9.6.13 of
the UKLA Listing Rules.

1 April 2010