Net Asset Value(s)

Montanaro European Smaller C.TstPLC
01 May 2008


Date of Announcement: 01/05/2008

Below is shown the unaudited net asset value for the Company as at close of
business on 30/04/2008

NAV per share (at bid market values) in £ sterling. Pence per share.

Montanaro European Smaller Companies Trust plc                    409.29

Note: NAVs are diluted, where appropriate.


                      This information is provided by RNS
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