Royce Micro-Cap Trust (NYSE: RMT) as of August 31, 2013

  Royce Micro-Cap Trust (NYSE: RMT) as of August 31, 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 -- September 17, 2013

Royce Micro-Cap Trust (NYSE: RMT):

Closing Prices August 31, 2013

NAV $ 12.79
MKT $ 11.20

Total Return Performance                   
Periods ended August 31, 2013       NAV           MKT
                                                  
1 Month*                            -2.07 %       -2.52 %
Year to Date*                       19.90         21.54
One-Year                            31.48         31.56
Three-Year Average Annual           19.65         21.70
Five-Year Average Annual            7.67          6.24
10-Year Average Annual              9.08          8.09
                                                  
*Not annualized

Portfolio Diagnostics                   
                                                
Wtd Average Geometric Market Cap:               $399 million
Wtd. Average P/E Ratio:                         19.3*
Wtd. Average P/B Ratio:                         1.7x
Net Assets:                                     $377 million
Net Leverage:                                   4.6%

*Excludes 21% of portfolio holdings with zero or negative earnings as of
8/31/13.

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 Corp.         1.2      %
2.    Kennedy-Wilson Holdings       1.2
3.    Integrated Electrical Svcs.   1.2
4.    Exponent Inc.                 1.2
5.    Drew Industries               1.1
6.    Mesa Laboratories             1.1
7.    Universal Electronics         1.0
8.    Flexsteel Industries          1.0
9.    Bofl Holdings                 1.0
10.   Tennant Co.                   1.0
                                    
Top Five Sectors                    % of Net Assets
                                    
1.    Industrials                   28       %
2.    Information Technology        22
3.    Financials                    19
4.    Consumer Discretionary        13
5.    HealthCare                    8

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