NEW YORK, Feb. 9 /PRNewswire-FirstCall/ -- - Oldest and largest small-cap closed-end fund - Average weekly trading volume of approximately 289,000 shares - Fund's adviser has more than 30 years of small- and micro-cap investment experience Closing Prices - January 30, 2006 NAV $20.54 MKT $20.73 Total Return Performance Periods ended January 31, 2006 NAV MKT 1 Month* 8.85% 3.24% Year to Date* 8.85 3.24 One-Year 22.26 15.80 Three-Year Average Annual 27.76 28.02 Five-Year Average Annual 12.86 15.17 10-Year Average Annual 14.67 15.70 * Not Annualized Portfolio Diagnostics Median Market Cap: $1,279 million Wtd. Average P/E Ratio: 21.5x* Wtd. Average P/B Ratio: 2.4x Wtd. Average Yield: 0.8% Net Assets Attributable to Common Stock: $1,032 million Net Leverage: 5% * The Fund's P/E ratio calculation excludes companies with zero or negative earnings. 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. Alliance Capital Mgmt. Holdings 1.9% 2. Ritchie Bros. Auctioneers Inc. 1.2 3. SEACOR Holdings 1.0 4. Newport Corporation 1.0 5. Sotheby's Holdings Cl. A 0.9 6. Carbo Ceramics 0.9 7. Simpson Manufacturing 0.9 8. Plexus Corporation 0.8 9. Cimarex Energy 0.8 10. Brady Corporation Cl. A. 0.8 Portfolio Sectors % of Net Assets 1. Technology 23% 2. Industrial Products 18 3. Industrial Services 14 4. Natural Resources 11 5. Financial Services 9 Recent Developments Royce Value Trust is a closed-end diversified management investment company whose shares of Common (RVT) and 5.90% Cumulative Preferred Stock (RVTprb) are listed and traded on the New York Stock Exchange. Its primary investment goal is long-term capital growth, which it seeks by investing at least 75% of its assets in equity securities primarily of small- and micro-cap companies. Daily net asset values (NAVs) for Royce Value Trust are now available on our website and online through most ticker symbol lookup services and on broker terminals under the symbol XRVTX. For more information, please call The Royce Funds at (800) 221-4268 or visit our website at http://www.roycefunds.com/. DATASOURCE: Royce Value Trust CONTACT: John D. Diederich, +1-212-355-7311, for Royce Value Trust Web site: http://www.roycefunds.com/

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