Royce Micro-Cap Trust Announces Performance Data &
Portfolio Composition as of July 31, 2008
Royce & Associates, Inc.


New York, September 3, 2008 -- Royce Micro-Cap Trust (RMT)

-- 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 - July 31, 2008
NAV  $ 11.56
MKT  $ 10.74


Total Return Performance 

Periods ended July 31, 2008	NAV	MKT
1 Month*	2.94%	3.57%
Year to Date*	-9.10	-4.66
One-Year	-12.75	-15.10
Three-Year Average Annual	4.28	0.28
Five-Year Average Annual	11.31	10.78
10-Year Average Annual	12.93	14.24

*Not Annualized


Portfolio Diagnostics

Wtd. Average Market Cap:	$303 million
Wtd. Average P/E Ratio:	17.1x*
Wtd. Average P/B Ratio:	1.5x
Wtd. Average Portfolio Yield:	1.0%
Net Assets Attributable to Common Stock:	$374 million
Net Leverage:	11%

* Excludes 21% of portfolio holdings with zero or negative earnings as of 7/31/08.

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. Pegasystems Inc.	1.7%
2. Peerless Manufacturing	1.6
3. Trex Co.	1.4
4. ASA Bermuda	1.2
5. Seneca Foods Corp.	1.2
6. Exponent Inc.	1.2
7. Weyco Corp.	1.2
8. Forrester Research	1.2
9. PAREXEL	1.2
10. America's Car Mart	1.2

Top Five Industries	% of Net Assets
1. Technology	22%
2. Industrial Products	17
3. Industrial Services	15
4. Health	13
5. Natural Resources	13

 
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.