REG-Montanaro UK SmlrCos: Holding(s) in Company

TR-1 NOTIFICATION OF MAJOR INTERESTS IN SHARES

1. Identity of the issuer or the underlying issuer of existing shares to which
voting rights are attached:

Montanaro UK Smaller Companies Investment Trust Plc

2. Reason for the notification State
Yes/No

An acquisition or disposal of voting rights Yes

An acquisition or disposal of financial instruments which may
result in the
acquisition of shares already issued to which voting rights are
attached

An event changing the breakdown of voting rights

Other (please specify): Notification of Total Voting Rights

3. Full name of person(s) subject to the notification obligation: East Riding
of Yorkshire
Council

4. Full name of shareholder(s) (if different from 3.): N/A

5. Date of the transaction (and date on which the threshold is 15 June 2009
crossed
or reached if different):

6. Date on which issuer notified: 16 June 2009

7. Threshold(s) that is/are crossed or reached: 9%

8. Notified details: 8.96%

A: Voting rights attached to shares

Class/type of Situation previous Resulting situation after the triggering
shares to transaction
if possible the Triggering
using the ISIN transaction
CODE

Number Number Number Number of voting % of voting
of of of rights rights
Shares Voting shares
Rights

Direct Direct Indirect Direct Indirect

Ordinary 3,025,000 3,025,000 3,000,000 3,000,000 N/A 8.96% N/A
Shares

GB0006007560

B: Financial Instruments

Resulting situation after the triggering transaction

Type of Expiration Exercise/ Number of voting % of
financial date Conversion rights that may be voting
instrument Period/ Date acquired if the rights
instrument
is exercised/
converted

Total (A+B)

Number of voting rights % of voting rights

3,000,000 8.96%

9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are
effectively held, if applicable:

N/A

Proxy Voting:

10. Name of the proxy holder:

11. Number of voting rights proxy holder will cease to hold:

12. Date on which proxy holder will cease to hold voting
rights:

13. Additional Information Calculation based
on 33,475,958
shares in issue

14. Contact Name Joanna Nottingham

15. Contact Telephone Number 01482 394149

END