RNS NO 5300U
GERMAN SMALLER COMPANIES INVESTMENT TRUST PLC
19 May 1999

Hill Samuel Asset Management Limited announces the unaudited Net Asset Values of
the German Smaller Companies Investment Trust Plc at 14 May 1999:-

Undiluted NAV                           171.19 pence per unit
Diluted NAV                             163.97 pence per unit

FROM:  GERMAN SMALLER COMPANIES INVESTMENT TRUST

END

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