Montanaro Regulatory News (MTE)

Montanaro European Smaller Companies Trust Plc ('the Company')

LEI: 213800CWSC5B8BG3RS21

Total Voting Rights

In accordance with Rule 5.6.1 of the Financial Conduct Authority's ('FCA') Disclosure Guidance and Transparency Rules, as at 31 August 2025, the total number of Ordinary shares of 5p each ('shares') of the Company in issue is 189,427,600, of which 37,221,800 shares are held in Treasury. Therefore, the total number of shares with voting rights is 152,205,800.

The above figure of 152,205,800 may be used by shareholders (and others with notification obligations) as the denominator for the calculations 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.

For further information, please contact:

Juniper Partners Limited

Company Secretary

email: cosec@junipartners.com

Tel: 0131 378 0500

1 September 2025