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 23 March 2015 was 583.21 pence including current period revenue.

The fair value net asset value per Ordinary 10p Share of the Company 
as at 23 March 2015 was 573.29 pence excluding current period revenue.


24 March 2015