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 20 November 
2014 was 503.79 pence including current period revenue.


The fair value net asset value per Ordinary 10p Share of the Company as at 20 November 
2014 was 496.50 pence excluding current period revenue.






21 November 2014