RNS No 1115A
GERMAN SMALLER COMPANIES INVESTMENT TRUST PLC
8 July 1999


Hill Samuel Asset Management Limited announces the unaudited Net Asset Values of
the German Smaller Companies Investment Trust Plc at 2 July 1999:-

Undiluted NAV                     181.05 pence per unit
Diluted NAV                       172.11 pence per unit

END

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