AGM Statement

North Atlantic Smlr Co Inv Tst PLC
28 June 2005


North Atlantic Smaller Companies Investment Trust PLC

The Company announces that at the Annual General Meeting of the Company held
today (28 June 2005) all of the resolutions, as set out in full in the Notice of
Meeting dated 18 May 2005, were duly passed as follows:

                                                                          Votes
                   Votes for    Votes against   Votes withheld    discretionary

Resolution 1       5,181,376                0            5,842                0
Resolution 2       5,152,756                0           34,462                0
Resolution 3       5,186,192              926              100                0
Resolution 4       5,136,260           50,958                0                0
Resolution 5       5,186,098            1,120                0                0
Resolution 6       5,186,193            1,025                0                0
Resolution 7       5,184,275            2,943                0                0
Resolution 8       5,184,275            2,943                0                0

At the Annual General Meeting, the Chief Executive advised the shareholders
present of the current status of the portfolio and indicated that documentation
in respect of the disposal of the Hi Tech Hose Inc and Ramen Holdings Limited
investments had been signed.  The Chief Executive estimated that, in his view,
the sale of Hi Tech Hose Inc would increase the Company's NAV by approximately
8p and that the consideration for the disposal of Ramen Holdings Limited was
likely to be in the region of £3 million.  He further advised that in his view
there were likely to be developments in respect of the Company's investments in
Nationwide Accident Repair Services PLC and Primesco Inc within the next twelve
months.


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