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 annual 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.

If, in the period leading up to the announcement of the annual results, the Directors or the Company come into possession of any inside information, this will be notified to a RIS before any such transactions are undertaken.

The close period to which this relates is in respect of the year ended 31 January 2014.

Enquiries:

Bonita Guntrip

Company Secretary

020 7640 3203