Holding in Company

Montanaro UK Smlr Cos Inv Tst PLC
6 July 2001

Montanaro UK Smaller Companies Investment Trust PLC

The Company has today been informed that following a sale of 860,093 shares,
Royal London Asset Management now have an aggregate holding of 2,906,147
ordinary 10p shares, representing 7.25% of the issued share capital. The
shares are held on behalf of Royal London Long Term Fund.



06.07.01