Annual Information Update

North Atlantic Smlr Co Inv Tst PLC
31 May 2007


             NORTH ATLANTIC SMALLER COMPANIES INVESTMENT TRUST PLC

                           Annual Information Update

The Company announces that in accordance with Prospectus Rule 5.2 the following
information has been published or made available to the public over the previous
12 months in compliance with laws and rules dealing with the regulation of
securities.  The information referred to in this update was up to date at the
time of publication but some information may now be out of date.  The Annual
Report was published on 29 May 2007.
          
1.   Announcements made via RNS, a regulatory information service

Date                        Brief description of announcement

29 May 2007                 Portfolio Update
16 May 2007                 Director/PDMR Shareholding
16 May 2007                 Director/PDMR Shareholding
15 May 2007                 Final Results
01 May 2007                 Listing Rule 15.4.11(1)
10 April 2007               Director/PDMR Shareholding
21 March 2007               Holding(s) in Company
20 March 2007               Holding(s) in Company
23 February 2007            Holding(s) in Company
2 February 2007             Listing Rule 15.4.11(1)
22 January 2007             Rule 8.3 (Oryx)
12 January 2007             Director/PDMR Shareholding - Amendment
12 January 2007             Director/PDMR Shareholding
5 January 2007              Rule 8.3 (Oryx)
19 December 2006            Total Voting Rights
7 December 2006             Cancellation of CULS
1 November 2006             Listing Rule 15.4.11(1)
25 October 2006             Doc. Re Interim Report
24 October 2006             Director/PDMR Shareholding
11 October 2006             Interim Results
9 October 2006              Net Asset Value
9 October 2006              Director/PDMR Shareholding
2 October 2006              Portfolio Update
2 August 2006               Listing Rule 15.4.11(1)
12 July 2006                Additional Listing
7 July 2006                 AGM Statement
12 June 2006                Annual Information Update
7 June 2006                 Annual Report and Accounts

Details of all regulatory announcements can be found in full on the London Stock 
Exchange's web site at www/londonstockexchange.com/en-gb/pricesnews/marketnews 
using the code NAS.
     
2.   Documents filed at Companies House

The Company has submitted the following documents to Companies House for 
filing:-

Date filed                  Document filed

22 May 2007                 Annual Return on Form 363 made up to 2 May 2007
17 May 2007                 Form 395 re Particulars of Mortgage/Charge
17 April 2007               Form 395 re Particulars of Mortgage/Charge
19 September 2006           Form 395 re Particulars of Mortgage/Charge
21 July 2006                Form 88(3) relating to shares issued on conversion 
                            of CULS and for a consideration other than cash
21 July 2006                Form 88(2) relating to allotment of shares on 
                            conversion of the CULS
18 July 2006                Annual Report for the year ended 31 January 2006
18 July 2006                Ordinary and Special resolutions passed at the 
                            Annual General Meeting held on 7 July 2006

Copies of these documents can be found on the Companies House web site at
www.companieshouse.gov.uk or through Companies House Direct at
www.direct.companieshouse.gov.uk.

The Company's Annual Report for the year ended 31 January 2007 was filed at the
UKLA Document Viewing Facility on 29 May 2007 and is available on the North
Atlantic Value LLP web site at www.navalue.co.uk.

The Annual Report for the year ended 31 January 2007 and the Interim Report for
the six months ended 31 July 2006 (published on 26 October 2006 and filed at the
UKLA Document Viewing Facility on 25 October 2006) are available from J O Hambro
Capital Management Limited, Company Secretary of North Atlantic Smaller
Companies Investment Trust PLC, Ground Floor, Ryder Court, 14 Ryder Street,
London SW1Y 6QB.


                      This information is provided by RNS
            The company news service from the London Stock Exchange