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 13 May 2015 was 597.22 pence including current period revenue.

The fair value net asset value per Ordinary 10p Share of the Company
as at 13 May 2015 was 585.72 pence excluding current period revenue.


14 May 2015