Montanaro Regulatory News (MTE)

Notification of Transactions by

Persons Discharging Managerial Responsibilities and

Persons Closely Associated with them

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

 Hillary Williams

2

Reason for the notification

a)

Position/status

Director

b)

Initial notification /Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Montanaro European Smaller Companies Trust plc

b)

LEI

213800CWSC5B8BG3RS21

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Ordinary Shares

Identification code

GB00BM8H3X05

b)

Nature of the transaction

Acquisition

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£1.58998

6,255

d)

Aggregated information

- Aggregated volume

6,255

- Price

£9,945.32

e)

Date of the transaction

06.05.2025

f)

Place of the transaction

London Stock Exchange (XLON)