Royce Micro-Cap Trust (NYSE: RMT) as of February 29, 2008

-- Only micro-cap closed-end fund

-- Average weekly trading volume of approximately 281,000 shares

-- Fund's adviser has more than 30 years of small- and micro-cap
investment experience
NEW YORK--(Business Wire)--
Royce Micro-Cap Trust (NYSE: RMT):

-0-
*T
Closing Prices - February 29, 2008
----------------------------------------------------------------------

NAV $ 12.33
MKT $ 11.14

Total Return Performance
--------------------------
Periods ended February 29, NAV MKT
2008
----------------------- -------------------

1 Month* -0.64% -3.13%
Year to Date* -8.53 -6.70
One-Year -10.43 -27.35
Three-Year Average Annual 6.59 1.30
Five-Year Average Annual 18.52 18.37
10-Year Average Annual 10.50 10.34

*Not annualized

Portfolio Diagnostics
--------------------------

Wtd Average Market Cap: $275 million
Wtd. Average P/E Ratio: 16.0x*
Wtd. Average P/B Ratio: 1.5x
Wtd. Average Portfolio
Yield: 1.0%
Net Assets Attributable to $365 million
Common Stock:
Net Leverage: 11%
*T

*Excludes 21% of portfolio holdings with zero or negative earnings
as of 2/29/08.

Net leverage is the percentage, in excess of 100%, of the total
value of equity type investments, divided by net assets applicable to
common stock.

-0-
*T
Portfolio Composition
-----------------------------------

Top 10 Positions % of Net Assets
----------------------------------- ----------------------------------
1. PAREXEL International 2.3%
2. ASA Bermuda Ltd. 1.4
3. Sapient Corp. 1.2
4. Seneca Foods Corp. 1.2
5. Pegasystems Inc. 1.2
6. ADDENDA Capital Inc. 1.1
7. Exponent Inc. 1.1
8. MVC Capital 1.1
9. Weyco Group Inc. 1.1
10. Tennant Co. 1.0

Top Five Industries % of Net Assets
----------------------------------- ----------------------------------
1. Technology 22%
2. Industrial Products 16
3. Industrial Services 15
4. Health 15
5. Natural Resources 13
*T

Recent Development

Royce Micro-Cap Trust, Inc. (NYSE-RMT) declared a quarterly
distribution of $0.33 per share on its Common Stock. The distribution
paid on March 24, 2008 to stockholders of record at the close of
business on March 6, 2008 (ex-dividend on March 4, 2008). The price of
shares issued for reinvestment on March 13, 2008 was $10.45.

Royce Micro-Cap Trust, Inc. declared a cash dividend of $0.375 per
share on its Cumulative Preferred Stock, based on an annual rate of
6.00% of the initial liquidation preference of $25.00 per share. The
dividend was paid on March 24, 2008 to stockholders of record at the
close of business on March 6, 2008 (ex-dividend on March 4, 2008).

Royce Micro-Cap Trust, Inc. is a closed-end diversified investment
company whose shares of Common Stock (RMT) and 6.00% Cumulative
Preferred Stock (RMTpra) are listed and traded on the New York Stock
Exchange. The Fund's investment goal is long-term capital growth,
which it seeks by investing primarily in equity securities of
companies that, at the time of investment, have market capitalization
of $500 million or less.

Daily net asset values (NAVs) for Royce Micro-Cap Trust, Inc. are
now available on our website and online through most ticker symbol
lookup services and on broker terminals under the symbol XOTCX. For
more information, please call The Royce Funds at (800) 221-4268 or
visit our website at www.roycefunds.com

For Royce Micro-Cap Trust, Inc.
John D. Diederich, 212-355-7311

Copyright Business Wire 2008