Annual Information Update

Montanaro UK Smaller Companies Investment Trust PLC - Annual Information Update

In accordance with Prospectus Rule 5.2 the Company reports upon information
that it has published or made available to the public over the 12 month period
ended 29 June 2011.

Company Announcements

The Company has made the following announcements through PR Newswire, its
appointed RIS in the UK:

17 June 2011            Annual Financial Report                                
                                                                               
14 February 2011        Interim Management Statement                           
                                                                               
14 February 2011        Director/PDMR Shareholding                             
                                                                               
2 February 2011         Director Declaration                                   
                                                                               
6 January 2011          Holdings in Company                                    
                                                                               
30 November 2010        Half-yearly Report                                     
                                                                               
26 October 2011         Holdings in Company                                    
                                                                               
27 September 2010       Director/PDMR Shareholding                             
                                                                               
24 September 2010       Holdings in Company                                    
                                                                               
15 September 2010       Director Declaration                                   
                                                                               
3 August 2010           Interim Management Statement                           
                                                                               
30 July 2010            Result of AGM                                          
                                                                               
15 July 2010            Annual Information Update                              
                                                                               
7 July 2010             Director Declaration                                   
                                                                               
6 July 2010             Doc re: Proposed Articles of Association               
                                                                               
5 July 2010             Director Declaration                                   
                                                                               
2 July 2010             Holdings in Company                                    

Net asset values, announced at the month end are not included in the above
list.

Filing at Companies House

During the period the following documents were filed at Companies House:

Date            Document number          Description                           
                                                                               
18 January 2011   AR01                   Annual Return                         
                                                                               
29 November 2010  CH01                   Directors' Change of Particulars      
                                                
                                                                               
13 September 2010 AA                     Full Accounts made up to 31/03/10     
                                                               
                                                                               
23 August 2010   RES10                   Authorised Allotment of Shares and    
                                         Debentures                            
                                                                               
23 August 2010   RES01                   Alteration to Memorandum and Articles 
                                                                               
23 August 2010   RES13                   Re Share Issue 30/07/2010             
                                                                               
23 August 2010   RES11                   Disapplication of Pre-Emption Rights  
                                                                               
23 August 2010   RES09                   Authority - Purchase Shares Other Than
                                         From Capital                          
                                                                               
4 August 2010    TM01                    Appointment Terminated, Director      
                                         Christopher Jones                     
                                                                               
12 July 2010    AP01                     Director Appointed Kathryn Ann        
                                         Matthews                              
                                                                               
7 July 2010     TM01                     Appointment Terminated, Director      
                                         Laurie Petar                          

Inspection of Documents

The Company has its own website at www.montanarouksmaller.co.uk which contains
the following documents:

  * Board and Corporate Governance
   
  * Reports & Documents
   
  * Regulatory News
   
  * Contacts and Advisers
   
Copies of certain documents that are required to be lodged at the FSA in
accordance with the Listing Rules, Prospectus Rules and Disclosure Rules are
available for inspection at http://www.hemscott.com/nsm.do

Copies of documents filed at Companies House are available at Registrar of
Companies, Companies House, Crown Way, CARDIFF, CF14 3UZ Tel: [phone].
They may also be downloaded from its website at 
www.direct.companieshouse.gov.uk.

Copies of any of the above items may be obtained free of charge from the office
of the Company Secretary at the registered office address:

Beaufort House

51 New North Road

Exeter

Devon

EX4 4EP