Statement re: listing rules
October 20 2003 - 11:56AM
UK Regulatory
MONTANARO UK SMALLER COMPANIES INVESTMENT TRUST PLC
The Directors of Montanaro UK Smaller Companies Investment Trust PLC (the
"Company") note the publication of the Investment Entities (Listing Rules and
Conduct of Business) Instrument 2003 and announce that it is the Company's
policy to invest no more than 15% of its gross assets in other listed
investment companies (including listed investment trusts).
20 October 2003
END