30 November 2022

THE GLOBAL SMALLER COMPANIES TRUST PLC

LEI: 2138008RRULYQP8VP386

TRANSACTION IN OWN SHARES

In accordance with Listing Rule 12.4.6, The Global Smaller Companies Trust plc (the 'Company') announces today that it has purchased the following number of its ordinary shares of 2.5 pence each on the London Stock Exchange through Stifel Nicolaus Europe Limited.

Date of purchase:                                                   30 November 2022

Number of ordinary shares purchased:                  56,500

Lowest price per share:                                           147.20p

Highest price per share:                                          147.59p

Trading venue:                                                        London

Aggregate volume per trading venue:                    56,500

Weighted average price per trading venue:            147.440101p

The Company intends to hold the purchased shares in treasury.

Following the above transaction, the Company holds 83,733,110 of its ordinary shares in treasury and has 536,800,660 ordinary shares in issue (excluding treasury shares).

Therefore, the total number of voting rights in the Company is now 536,800,660. The above figure (536,800,660) may be used by shareholders 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 Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

Name of contact and telephone number for enquiries:

Jonathan Latter

For and on behalf of Columbia Threadneedle Investment Business Limited,

Company Secretary

Telephone: 020 7628 8000