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 02 September 2015 was 590.19 pence including current period revenue. The fair value net asset value per Ordinary 10p Share of the Company as at 02 September 2015 was 585.11 pence excluding current period revenue. 03 September 2015