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 24 December 
2014 was 531.04 pence including current period revenue.

The fair value net asset value per Ordinary 10p Share of the Company as at 24 December 
2014 was 523.09 pence excluding current period revenue.



29 December 2014