Appointment of Director

Montanaro UK Smlr Cos Inv Tst PLC
8 February 2001


MONTANARO UK SMALLER COMPANIES INVESTMENT TRUST PLC


The Directors are pleased to announce that Mr Peter Griffiths has accepted an
invitation to join the Board as a non-executive director with effect from 08
February 2001. He has a wealth of experience in Investment Trusts and is a
Director of the following companies:

Castor Finance Limited
INVESCO techMARK Enterprise Trust PLC
Leda Management Limited
Pacific Horizon  Investment Trust PLC

In the past, Mr Griffith has also been a Director of the following companies:

Asian Technology Trust  Trust PLC (Until 31 December 2000)
Pilkington Pension Services Limited (Until 07 September 1996)
Paribas French Investment Trust PLC (Until 22 August 97)