Transaction in a close period

For immediate release on 13 September 2010

North Atlantic Smaller Companies Investment Trust plc

Listing Rule 15.5.1(4)

In accordance with Listing Rule 15.5.1(4) North Atlantic Smaller Companies Investment Trust plc ("the Company") announces it is satisfied that all inside information which the Directors and the Company may have in the period leading up to the announcement of its half year results has been and will continue to be notified via a regulatory information service and, therefore, the dealings referred to in Listing Rule 15.5.1(3) are permitted.

Enquiries:

J O Hambro Capital Management Limited (Secretary)

020 7747 8952