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 07           
February 2013 was 498.17 pence including current period revenue.                        
                                                                                        
                                                                                        
The fair value net asset value per Ordinary 10p Share of the Company as at 07           
February 2013 was 492.42 pence excluding current period revenue.                        
                                                                                        
08 February                                                                             
2013