LONDON STOCK EXCHANGE ANNOUNCEMENT

THE GLOBAL SMALLER COMPANIES TRUST PLC

(the 'Company')

Share Buyback Authority

LEI: 2138008RRULYQP8VP386

The Company is restating the details of its current share buyback authority.

At the Annual General Meeting of the Company held on 15 August 2025 the Company was granted authority to repurchase up to 66,019,501 of its ordinary shares. Such authority shall expire at the conclusion of the next annual general meeting of the Company or on 15 November 2026 (whichever is earlier), unless such authority is varied, revoked or renewed prior to such time by the Company in general meeting. The Board expects to renew this authority annually and it is expected that similar announcements will be made at the time of each renewal.

Any buyback may be funded from the Company's own cash resources or, if appropriate, from short term borrowings.

The maximum price payable per share (exclusive of expenses) must not exceed the higher of:

(i)      105% of the average of the middle market quotations for an ordinary share for the five business days immediately preceding the date on which the ordinary share is contracted to be purchased; and

(ii)      an amount equal to the higher of the price of the last independent trade of an ordinary share and the highest current independent bid for such a share on the London Stock Exchange at the time the purchase is carried out.

Shares repurchased will either be held in treasury or cancelled.

The Company instructs Stifel Nicolaus Europe Limited to act as its broker in respect of its buyback transactions. Any buybacks will be undertaken in accordance with the Company's discount control policy.

This arrangement is in accordance with Chapter 9 of the UK Listing Rules and the Company's general authority to repurchase shares.

15 August 2025

Columbia Threadneedle Investment Business Limited

Company Secretary

Telephone: 020 7464 5000