Holding(s) in Company

Montanaro UK Smaller Companies Investment Trust PLC

The Company has been informed that following a purchase of 180,000 Ordinary
shares on 22 April 2004, East Riding of Yorkshire Council now has an interest
in 3,775,000 Ordinary 10p shares of the Company. This holding represents 10.25%
of the issued share capital.

23.04.04