Net Asset Value(s)

Montanaro European Smaller C.TstPLC
07 February 2008


Date of Announcement: 07/02/2008


Below is shown the unaudited net asset value for the Company as at close of
business on 06/02/2008

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


Montanaro European Smaller Companies Trust plc                      360.4






Note: NAVs are diluted, where appropriate.


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            The company news service from the London Stock Exchange