RNS No 5784j
GERMAN SMALLER COMPANIES INVESTMENT TRUST PLC
5 October 1999

Hill Samuel Asset Management Limited announces the unaudited Net Asset Values of
the German Smaller Companies Investment Trust Plc at 30 September 1999:-

Undiluted NAV                 169.04 pence per unit
Diluted NAV                   162.28 pence per unit

END

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