JANUS HENDERSON FUND MANAGEMENT UK LIMITED

THE EUROPEAN SMALLER COMPANIES TRUST PLC

Legal Entity Identifier:  213800N1B1HCQG2W4V90

14 February 2025

THE EUROPEAN SMALLER COMPANIES TRUST PLC

("ESCT" or the "Company")

Withdrawal of Second General Meeting Requisition from Saba

The Board confirms that, on 11 February 2025, it received a second requisition notice from Saba Capital Management L.P. ("Saba") to call a general meeting (the "Second Requisition Notice"). Since the receipt of the Second Requisition Notice, the Board has engaged in constructive discussions with Saba, who has agreed to withdraw the requisition for a period of 30 days to allow both parties to enter into good-faith negotiations aimed at achieving an outcome that benefits all shareholders.

The Board will provide a further update in due course.

Enquiries:

Janus Henderson Secretarial Services UK Limited

Corporate Secretary to The European Smaller Companies Trust PLC

 +44 (0)20 7818 1818

Dan Howe

Head of Investment Trusts, Janus Henderson Investors

+44 (0)20 7818 1818

Winterflood Securities Limited

Neil Langford / Rose Ramsden (Corporate Finance) 

Darren Willis / Innes Urquhart (Corporate Sales)

+44 (0)20 3100 0000

Edelman Smithfield

John Kiely / Latika Shah

+44 (0)7785 275 665 / +44 (0)7950 671 948