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 12 November 
2014 was 508.31 pence including current period revenue.

The fair value net asset value per Ordinary 10p Share of the Company as at 12 November 
2014 was 500.91 pence excluding current period revenue.


13 November 2014