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 15 December 2015
was 584.48 pence including current period revenue.

The fair value net asset value per Ordinary 10p Share of the Company as at 15 December 2015
was 575.70 pence excluding current period revenue.



16 December 2015
UK 100

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