Royce Micro-Cap Trust (NYSE: RMT) as of February 28, 2013

  Royce Micro-Cap Trust (NYSE: RMT) as of February 28, 2013

  *Only micro-cap closed-end fund
  *Average weekly trading volume of approximately 281,000 shares
  *Fund’s adviser has more than 35 years of small- and micro-cap investment

Business Wire

NEW YORK -- March 12, 2013

Royce Micro-Cap Trust, Inc. (NYSE-RMT):

Closing Prices February 28, 2013

NAV                $ 11.65
MKT                 $ 10.41

Total Return Performance               
Periods ended February 28, 2013   NAV     MKT
1 Month*                          1.39%   2.26%
Year to Date*                     6.49    10.16
One-Year                          14.29   16.25
Three-Year Average Annual         13.22   15.86
Five-Year Average Annual          5.30    5.07
10-Year Average Annual            11.72   11.52
*Not annualized

Portfolio Diagnostics                     
Wtd Average Geometric Market Cap:                      $367million
Wtd. Average P/E Ratio:                                17.6*
Wtd. Average P/B Ratio:                                1.5x
Net Assets:                                            $340 million
Net Leverage:                                          8%
*Excludes 21% of portfolio holdings with zero or negative earnings as of

Net leverage is the percentage, in excess of 100%, of the total value of
equity type investments, divided by net assets.

Portfolio Composition               
Top 10 Positions                        % of Net Assets
1. Kennedy-Wilson Holdings              2.2%
2. Integrated Electrical Services       1.9
3. Virtus Investment Partners           1.7
4. America’s Car-Mart                   1.3
5. Quaker Chemical Corp.                1.3
6. Tennant Company                      1.3
7. Trex Company                         1.3
8. Seneca Foods Cl. B                   1.2
9. Flexsteel Industries                 1.2
10. Drew Industries Inc.                1.2
Top Five Sectors                        % of Net Assets
1. Industrials                          29%
2. Information Technology               25
3. Financials                           20
4. Consumer Discretionary               12
5. Materials                            9

Recent Developments

Royce Micro-Cap Trust, Inc. (NYSE-RMT) has declared a quarterly distribution
of $0.13 per share on its Common Stock. The distribution, optionally payable
in additional shares of Common Stock, or in cash by specific stockholder
election, is to be paid on March 25, 2013 to stockholders of record at the
close of business on March 6, 2013 (ex-dividend on March 4, 2013). The price
of shares issued for reinvestment will be determined on March 13, 2013.

Royce Micro-Cap Trust, Inc. is a closed-end diversified investment company
whose shares of Common Stock (RMT) 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 $750 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


For Royce Micro-Cap Trust, Inc.
John D. Diederich, 212-355-7311
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