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 22 March 2011 was 421.66 pence including current period revenue. The fair value net asset value per Ordinary 10p Share of the Company as at 22 March 2011 was 414.49 pence excluding current period revenue. 23 March 2011
UK 100

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