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 03          
June 2015 was 615.15 pence including current period revenue.                           
                                                                                       
The fair value net asset value per Ordinary 10p Share of the Company as at 03          
June 2015 was 602.80 pence excluding current period revenue.                           
                                                                                       
                                                                                       
                                                                                       
04 June 2015