Holding(s) in Company

Montanaro UK Smaller Companies Investment Trust PLC

The Company has today been informed that following the sale of 75,000 Ordinary
shares, on 25 October 2006, East Riding of Yorkshire Council now has an
interest in 3,175,000 Ordinary 10p shares of the Company. This holding
represents 8.92% of the issued share capital.

27.10.06