4 January 2022
Montanaro European Smaller Companies Trust Plc
(the "Company")
LEI: 213800CWSC5B8BG3RS21
Total Voting Rights
In accordance with Disclosure Guidance and Transparency Rule 5.6.1, the Company confirms that, as at 31 December 2021, its capital consisted of:
| Class of shares in issue
| Ordinary Shares of 5p each |
| Number of Ordinary Shares in issue
| 186,052,600 |
| Number of Shares held in Treasury
| 0 |
| Total Voting Rights
| 186,052,600 |
Shareholders may use the 186,052,600 Total Voting Rights figure as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.
Zahida Hussain
Link Company Matters Limited
Company Secretary
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