Net Asset Value(s)

Montanaro European Smaller C.TstPLC 11 July 2007 Below is shown the unaudited net asset value for the Company as at close of business on 10/07/2007 NAV per share (at bid market values) in £ sterling. Pence per share. Montanaro European Smaller Companies Trust plc 474.06 Note: NAVs are diluted, where appropriate. This information is provided by RNS The company news service from the London Stock Exchange
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