Research from QuotedData

RNS Number : 9654F

Montanaro European Smaller C.TstPLC

24 March 2022

Montanaro European Smaller Companies Trust plc

(the "Company'')

LEI: 213800CWSC5B8BG3RS21

Investment Update - 24 March 2022

An update note in respect of the performance of the Company has been published on the Company's website today: https://montanaro.co.uk/trust/montanaro-european-smaller-companies-trust/ and on the QuotedData website: https://quoteddata.com/research/montanaro-european-smaller-companies-unfazed-market-turmoil-qd/.

Marten & Co was paid to produce a note on the Company which is for information purposes only. It is not intended to encourage the reader to deal in the security or securities mentioned in this report. Please read the important information at the back of the note. QuotedData is a trading name of Marten & Co Limited which is authorised and regulated by the FCA. Marten & Co is not permitted to provide investment advice to individual investors categorised as Retail Clients under the rules of the Financial Conduct Authority.

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All Enquiries:

Montanaro Asset Management Ltd

53 Threadneedle Street

London EC2R 8AR

T: +44 20 7448 8600

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