Holding in Company

Montanaro UK Smlr Cos Inv Tst PLC
5 July 2001

MONTANARO UK SMALLER COMPANIES INVESTMENT TRUST PLC



The Company was yesterday informed that Britannic Asset Management now have an
aggregate interest in 1,500,000 ordinary shares, representing 3.74% of the
issued share capital. The shares are held by Britannic Investment Managers
Limited.



05.07.01