RNS No 9803m
GERMAN SMALLER COMPANIES INVESTMENT TRUST PLC
16th June 1998

Hill Samuel Asset Management Limited announces that the unaudited Net Asset
Values of the German Smaller Companies Investment Trust plc at 12th June 1998
was:-

Undiluted NAV                 163.47 pence per 25p share
Diluted NAV                   157.71 pence per 25p share

END

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