Montanaro Regulatory News (MTE)

ORDINARY RESOLUTIONS

For

%

Against

%

% Of ISC#

Voted

VotesWithheld

Resolution 1:

To receive the annual report and audited financial statements for the year ended 31 March 2024.

53,467,987

99.94

11,886

0.02

28.25

5,364

Resolution 2: To approve the Directors' Remuneration Report.

53,244,277

99.61

188,599

0.35

28.25

52,361

Resolution 3: To approve the final dividend.

53,466,487

99.94

11,886

0.02

28.25

6,864

Resolution 4: To re-elect Richard Curling as a Director of the Company.

50,323,847

94.14

3,113,032

5.82

28.25

48,358

Resolution 5: To re-elect Caroline Roxburgh as a Director of the Company.

50,371,562

94.23

3,065,317

5.73

28.25

48,358

Resolution 6: To re-elect Gordon Neilly as a Director of the Company.

52,375,219

97.98

1,061,660

1.99

28.25

48,358

Resolution 7: To re-appoint PWC LLP as Auditor to the Company.

51,374,459

96.07

2,080,612

3.89

28.25

30,166

Resolution 8: To authorise the Directors to determine the Auditor's remuneration.

53,421,006

99.90

33,078

0.06

28.25

31,153

Resolution 9: To authorise the Directors to allot ordinary shares.

53,387,058

99.81

70,935

0.13

28.25

17,664

SPECIAL RESOLUTIONS

Resolution 10 To disapply statutory pre-emption rights.

53,046,585

99.18

418,988

0.78

28.25

19,664

Resolution 11 To authorise the Company to purchase its own ordinary shares.

53,441,560

99.90

34,204

0.06

28.25

9,473

1.

All resolutions were passed.

2.

Proxy appointments which gave discretion to the Chairman of the AGM have been included in the "For" total for the appropriate resolution.

3.

Votes "For" and "Against" any resolution are expressed as a percentage of votes validly cast for that resolution.

4.

A "Vote withheld" is not a vote in law and is not counted in the calculation of the percentage of shares voted "For" or "Against" any resolution, nor in the calculation of the proportion of "ISC voted" for any resolution.

5.

The number of shares in issue at close of business on 4 September 2024 was 189,427,600 ordinary shares, carrying one vote each. The Company did not hold any shares in treasury and therefore the number of total voting rights as at the date of the AGM was 189,427,600.

6.

The proportion of "ISC voted" for any resolution is the total of votes validly cast for that resolution (i.e. the total votes "For" and "Against" that resolution) expressed as a percentage of the Issued Share Capital.

7.

The full text of the resolutions passed at the AGM can be found in the Notice of Annual General Meeting which is available on the Company's website at

https://montanaro.co.uk/trust/montanaro-european-smaller-companies-trust/.

8.

In accordance with listing rule 9.6.2R, a copy of resolutions 10 - 12 passed at the AGM will shortly be submitted to the National Storage Mechanism and will be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.