| Notification of Transactions by Persons Discharging Managerial Responsibilities and Persons Closely Associated with them
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| 1
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Details of the person discharging managerial responsibilities / person closely associated
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| a)
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Name
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Caroline Roxburgh |
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| 2
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Reason for the notification
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| a)
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Position/status
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Director |
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| b)
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Initial notification /Amendment |
Initial Notification |
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| 3
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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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| a)
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Name
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Montanaro European Smaller Companies Trust plc |
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| b)
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LEI
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213800CWSC5B8BG3RS21 |
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| 4
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Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
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| a)
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Description of the financial instrument, type of instrument |
Ordinary Shares |
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| |
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| Identification code |
GB00BM8H3X05 |
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| |
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| b)
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Nature of the transaction
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Acquisition as per standing instruction (dividend re-investment) |
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| c)
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Price(s) and volume(s) |
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Price(s) |
Volume(s) |
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| |
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£1.731236 |
329 |
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| |
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| d)
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Aggregated information |
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| |
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| - Aggregated volume |
329 |
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| |
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| - Price |
£569.58 |
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| |
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| e)
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Date of the transaction
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13 August 2025 |
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| f)
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Place of the transaction
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London Stock Exchange (XLON) |
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