Disclosure of rights attached to equity shares

Montanaro European Smaller Companies Trust plc

(the "Company'')

LEI: 213800CWSC5B8BG3RS21

Disclosure of rights attached to equity shares

The Company announces that in accordance with paragraph 9.2.6E of the Listing Rules (disclosure of rights attached to equity shares), the Company has uploaded to the National Storage Mechanism (NSM) a copy of its articles of association, which set out the principal rights and restrictions attached to its ordinary shares.

The NSM can be accessed at https://data.fca.org.uk/#/nsm/nationalstoragemechanism .

Link Company Matters Limited - Secretary