| Montanaro European Smaller Companies Trust PLC |
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| LEI: 213800CWSC5B8BG3RS21 |
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| TRANSACTION IN OWN SHARES |
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| Montanaro European Smaller Companies Trust (the "Company") today purchased 630,000 of its own Ordinary shares at a price of 142.50 pence per share, to be held in Treasury. | |
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| Following the transaction, the Company's share capital comprises: | |
| 188,797,600 Issued Ordinary Shares (excluding Treasury shares) | |
| 630,000 Ordinary shares held in Treasury | |
| 189,427,600 Issued Ordinary Shares (including Treasury shares) | |
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| For reporting purposes under the FCA's Disclosure Guidance and Transparency Rules the market should exclude any Ordinary shares held in Treasury and should use the figure 188,797,600 when determining if they are required to notify their interest in, or a change to their interest, in the Company. | |
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| Juniper Partners Limited |
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| Company Secretary |
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| Enquiries: 0131 378 0500 | |
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