9 October 2023

North Atlantic Smaller Companies Investment Trust PLC

("The Company")

Transaction in Own Shares

The Company announces that on the 6^th of October 2023, it purchased 7,198 Ordinary Shares with a nominal value of 5 pence each for cancellation at a price of 3495.67 pence each.

Following this purchase and subsequent cancellation of the shares, the Company's issued share capital consists of 13,472,067 Ordinary shares with voting rights.

The above figure of 13,472,067 Ordinary shares 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 interests in, the Company under the FCA's Disclosure and Transparency Rules.

Enquiries:

SGH Company Secretaries Limited, Company Secretary

thomas.verlander@shma.co.uk

0207 264 4444