Royce Micro-Cap Trust (NYSE: RMT) as of June 30, 2013

  Royce Micro-Cap Trust (NYSE: RMT) as of June 30, 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
    experience

Business Wire

NEW YORK -- July 16, 2013

Royce Micro-Cap Trust (NYSE: RMT)

Closing Prices June 30, 2013
                     
NAV         $ 12.10
MKT         $ 10.81
                                

Total Return Performance
Periods ended June 30, 2013  NAV          MKT
                                           
1 Month*                          -1.14 %       -1.69 %
Year to Date*                     13.43         17.31
One-Year                          25.00         27.70
Three-Year Average Annual         17.06         19.59
Five-Year Average Annual          7.39          6.68
10-Year Average Annual            9.89          9.56

*Not annualized


Portfolio Diagnostics
                                             
Wtd Average Geometric Market Cap:                    $372     million
Wtd. Average P/E Ratio:                              18.5*
Wtd. Average P/B Ratio:                              1.6x
Net Assets:                                          $357     million
Net Leverage:                                        10%
                                                                          
*Excludes 21% of portfolio holdings with zero or negative earnings as of
6/30/13.


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.   Quaker Chemical               1.3      %
2.    Tennant Co.                   1.3
3.    Integrated Electrical Svcs.   1.3
4.    Flexsteel Industries          1.2
5.    Exponent, Inc.                1.2
6.    Computer Task Group           1.2
7.    Drew Industries               1.1
8.    Kennedy-Wilson Holdings       1.1
9.    Universal Electronics         1.1
10.   Sapient Corp.                 1.0
                                    
Top Five Sectors                    % of Net Assets
1.    Industrials                   30       %
2.    Information Technology        24
3.    Financials                    19
4.    Consumer Discretionary        13
5.    HealthCare                    9


Recent Developments

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
www.roycefunds.com.

Contact:

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