RNS No 5135v
GERMAN SMALLER COMPANIES INVESTMENT TRUST PLC
15th May 1998

Hill Samuel Asset Management Limited announces that the unaudited Net Asset
Values of the German Smaller Companies Investment Trust plc at 8th May 1998
was:-

Undiluted NAV                 160.39 pence per 25p share
Diluted NAV                   155.34 pence per 25p share

END

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