Transactions in a Close Period

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 yearly results has previously 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:

Bonita Guntrip

Company Secretary

020 7640 3203