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 31 December 2015
was 607.83 pence including current period revenue.

The fair value net asset value per Ordinary 10p Share of the Company as at 31 December 2015
was 599.09 pence excluding current period revenue.



04 January 2016
UK 100

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