Net Asset Value(s)

MONTANARO UK SMALLER COMPANIES INVESTMENT TRUST PLC ("the Company") The fair value net asset value per Ordinary 10p Share of the Company as at 3 March 2008, with debt at par, was 308.30 pence. The fair value net asset value per Ordinary 10p Share of the Company as at 3 March 2008, with debt at fair value, was 308.30 pence. 4 March 2008
UK 100

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