Discussions ongoing with Saba

JANUS HENDERSON FUND MANAGEMENT UK LIMITED

THE EUROPEAN SMALLER COMPANIES TRUST PLC

Legal Entity Identifier: 213800N1B1HCQG2W4V90

14 March 2025

THE EUROPEAN SMALLER COMPANIES TRUST PLC

("ESCT" or the "Company")

Ongoing discussions with Saba

The Company and Saba Capital Management, L.P. ('Saba') continue to have constructive discussions and have agreed to allow the good-faith negotiations to continue for a further 30 days, with the aim of achieving an outcome that benefits all shareholders.

The Board will provide a further update in due course.

Enquiries:

Janus Henderson Secretarial Services UK Limited

Corporate Secretary to The European Smaller Companies Trust PLC

 +44 (0)20 7818 1818

Dan Howe

Head of Investment Trusts, Janus Henderson Investors

+44 (0)20 7818 1818

Winterflood Securities Limited

Neil Langford / Rose Ramsden (Corporate Finance) 

Darren Willis / Innes Urquhart (Corporate Sales)

+44 (0)20 3100 0000