Directorate Change

North Atlantic Smlr Co Inv Tst PLC
16 May 2006


The Board of North Atlantic Smaller Companies Investment Trust PLC is pleased to
announce the appointment of Mr Oliver R Grace Jr, aged 52, as a Director of the
Company with effect from 16 May 2006.


Mr Grace has been Co-Chairman of Associated Asset Management, Inc. since 1987, a
company incorporated in Delaware.  He is currently a Director of Moscow Cablecom
Corp, a Russian cable company operating in the City of Moscow, Director of Take
Two Interactive Software, Inc and President of Grace Developments, Inc.


He is also a Director of Second London American Trust PLC, Redbus Interhouse
Limited and Telecity Group PLC.


The Board can also confirm that there is no relevant information required to be
disclosed pursuant to the Listing Rule 9.6.13R.


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