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 
11 November 2014 was 510.16 pence including current period revenue.

The fair value net asset value per Ordinary 10p Share of the Company as at 
11 November 2014 was 502.72 pence excluding current period revenue.


12 November 2014