NEW YORK, Dec. 21 /PRNewswire-FirstCall/ -- * Only micro-cap closed-end fund * Average weekly trading volume of approximately 281,000 shares * Fund's adviser has more than 30 years of small- and micro-cap investment experience Closing Prices - November 30, 2005 NAV $ 14.30 MKT $ 15.39 Total Return Performance Periods ended November 30, 2005 NAV MKT 1 Month* 3.85% 11.20% Year to Date* 6.56 7.91 One-Year 11.02 12.01 Three-Year Average Annual 23.31 30.72 5-Year Average Annual 17.11 22.40 10-Average Annual 14.30 17.20 * Not annualized Portfolio Diagnostics Median Market Cap: $300 million Wtd. Average P/E Ratio: 19.2x* Wtd. Average P/B Ratio: 1.9x Wtd. Average Yield: 0.7% Net Assets Attributable to Common Stock: $290 million Net Leverage: 5% * Excludes 18% of portfolio holdings with zero or negative earnings as of 11/30/05. Net leverage is the percentage, in excess of 100%, of the total value of equity type investments, divided by net assets applicable to common stock. Portfolio Composition Top 10 Positions % of Net Assets 1. Transaction Systems Architects Cl. A 1.3% 2. ASA Bermuda 1.3 3. Universal Truckload Services 1.2 4. Abigail Adams National Bancorp 1.2 5. Covansys Corporation 1.1 6 HomeFed Corporation 1.1 7. Seneca Foods Cl. B 1.1 8. Dril-Quip 1.1 9. Sapient Corporation 1.0 10. TriZetto Group, (The) 1.0 Portfolio Sectors % of Net Assets 1. Technology 27% 2. Industrial Products 16 3. Health 15 4. Industrial Services 14 5. Natural Resources 10 Recent Developments Royce Micro-Cap Trust, Inc. is a closed-end diversified investment company whose shares of Common Stock (RMT) and 6.00% Cumulative Preferred Stock (RMTpra.) are listed and traded on the New York Stock Exchange. The Fund's investment goal is long-term capital growth, which it seeks by investing primarily in equity securities of companies that, at the time of investment, have market capitalization of $500 million or less. Daily net asset values (NAVs) for Royce Micro-Cap Trust, Inc. are now available on our website and online through most ticker symbol lookup services and on broker terminals under the symbol XOTCX. For more information, please call The Royce Funds at (800) 221-4268 or visit our website at http://www.roycefunds.com/ DATASOURCE: Royce Micro-Cap Trust, Inc. CONTACT: John D. Diederich, +1-212-355-7311, for Royce Micro-Cap Trust, Inc. Web site: http://www.roycefunds.com/

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