Re requisition

Montanaro UK Smlr Cos Inv Tst PLC
3 May 2001

Montanaro UK Smaller Companies Investment Trust PLC ('the 'Company')



The Company announces that it has received a requisition from Millennium
Partners LP requiring the Directors of the Company to put a resolution to
shareholders at its forthcoming annual general meeting. The resolution
requires the Board within two months of the passing of the resolution to put
to shareholders proposals for a reorganisation, reconstruction or liquidation
of the Company which enable the shareholders to realise the whole of their
investment at a price related to net asset value.



The Board is considering its response to the requisition and will announce its
views in due course.



3 May 2001