CEFA - Closed-End Fund Association

Royce Micro-Cap Trust Announces Performance Data &
Portfolio Composition as of December 31, 2009
Royce & Associates, Inc.

New York, January 11, 2010 -- 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 35 years of small- and micro-cap investment experience

Closing Prices - December 31, 2009
NAV $ 8.90
MKT $ 7.37

Total Return Performance

Periods ended December 31, 2009	NAV	MKT
1 Month*	6.97%	7.43%
Year to Date*	46.47	37.91
One-Year	46.47	37.91
Three-Year Average Annual	-7.01	-15.96
Five-Year Average Annual	1.00	-3.91
10-Year Average Annual	8.64	8.77

*Not Annualized

Portfolio Diagnostics

Wtd. Average Market Cap:	$401 million
Wtd. Average P/E Ratio:	16.7*
Wtd. Average P/B Ratio:	1.4x
Net Assets Attributable to Common Stock:	$303 million
Net Leverage:	10.7%

* Excludes 21% of portfolio holdings with zero or negative earnings as of 12/31/09.

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. Kennedy Wilson Holdings	2.3%
2. Sapient Corp.	1.7
3. Seneca Foods Cl. B	1.3
4. Pegaystems	1.2
5. Willbros Group	1.1
6. iGate Corp.	1.1
7. Spherion Corp.	1.0
8. American Car-Mart	1.0
9. Universal Truckload Services	1.0
10. Tennant Company	1.0

Top Five Industries	% of Net Assets
1. Industrial Products	23%
2. Technology	18
3. Industrial Services	14
4. Natural Resources	12
5. Financial Intermediaries	10

Recent Developments

Royce Micro-Cap Trust, Inc. has declared a cash dividend of $0.375 per share on its Cumulative Preferred Stock, based on an annual rate of 6.00% of the initial liquidation preference of $25.00 per share. The dividend is to be paid on December 23, 2009 to stockholders of record at the close of business on December 7, 2009 (ex-dividend on December 3, 2009).

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.

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.