Royce Micro-Cap Trust (NYSE: RMT) as of May 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

NEW YORK--(BUSINESS WIRE)--Royce Micro-Cap Trust, Inc. (NYSE: RMT):

Closing Prices May 31, 2013
NAV $ 12.40
MKT $ 11.14
Total Return Performance
Periods ended May 31, 2013	NAV		MKT
1 Month*	4.82	%	6.91	%
Year to Date*	14.74		19.33
One-Year	32.37		35.34
Three-Year Average Annual	14.82		17.40
Five-Year Average Annual	5.84		3.92
10-Year Average Annual	10.41		10.27
*Not annualized
Portfolio Diagnostics
Wtd Average Geometric Market Cap:	$391million
Wtd. Average P/E Ratio:	18.6*
Wtd. Average P/B Ratio:	1.6x
Net Assets:	$363 million
Net Leverage:	9%

*Excludes 21% of portfolio holdings with zero or negative earnings as of 5/31/13.

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. Virtus Investment Partners	1.8%
2. Integrated Electrical Services	1.5
3. Kennedy Wilson Holdings	1.4
4. Quaker Chemical Corp.	1.4
5. Tennant Company	1.3
6. Sapient Corp.	1.2
7. Computer Task Group	1.1
8. Flexsteel Industries Inc.	1.1
9. Exponent Inc.	1.1
10. Drew Industries Inc.	1.1
Top Five Sectors	% of Net Assets
1. Industrials	30%
2. Information Technology	24
3. Financials	19
4. Consumer Discretionary	12
5. Materials	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 [phone] or visit our website at www.roycefunds.com