Transaction in Own Shares

North Atlantic Smaller Companies Investment Trust PLC

Transaction in Own Shares

The Company announces that on 9 May 2016, it purchased 3,515 Ordinary Shares of 5p each for cancellation at a price of 2330p each.

Following this purchase the Company's issued share capital consists of 14,438,520 ordinary shares with voting rights.

The above figure (14,438,520 Ordinary shares) may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interests in, the Company under the FCA's Disclosure and Transparency Rules.

Enquiries:

Jane Muir

Company Secretary

020 8819 6486