Royce Micro-Cap Trust Declares Fourth Quarter Common Stock Distribution
Royce & Associates, Inc.



New York, November 23, 2007 -- Royce Micro-Cap Trust, Inc. (NYSE-RMT) has declared a distribution of $0.357 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 December 24, 2007 to stockholders of record at the close of business on December 6, 2007 (ex-dividend on December 4, 2007). The price of shares issued for reinvestment will be determined on December 13, 2007.

The Fund has a policy of paying quarterly distributions on its Common Stock. Distributions are being made at the annual rate of 9% of the rolling average of the prior four calendar quarter-end NAVs, with the fourth quarter distribution being the greater of 2.25% of the rolling average or the minimum distribution required by IRS regulations.

Total distributions to Common Stockholders declared in 2007 were $1.347 per share. For Federal income tax purposes, approximately 100% of the 2007 distributions will be taxable at long-term capital gains rates (including qualified dividend income).

Royce Micro-Cap Trust, Inc. is a closed-end diversified management investment company whose shares of Common and Preferred Stock (NYSE – RMT.pra) are listed and traded on the New York Stock Exchange. The Fund's investment goal is long-term capital growth, which it seeks by normally investing at least 80% of its assets in equity securities of companies that, at the time of investment, have market capitalizations of $500 million or less.



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