Net Asset Value(s)

Montanaro European Smaller C.TstPLC
24 April 2008



Date of Announcement: 24/04/2008


Below is shown the unaudited net asset value for the Company as at close of
business on 23/04/2008

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



Montanaro European Smaller Companies Trust plc                        410.45





Note: NAVs are diluted, where appropriate.
                      This information is provided by RNS
            The company news service from the London Stock Exchange