Holding(s) in Company

Montanaro UK Smaller Companies Investment Trust PLC

The Company has been informed that following a sale of 180,000 shares
(representing 0.48% of the issued share capital) on 10 June 2003, East Riding
of Yorkshire Council now has an interest in 3,320,000 ordinary 10p shares of
the Company. This holding represents 8.90% of the issued share capital.

16.06.03