Change of Benchmark

Summary by AI ^BETAClose X

The Global Smaller Companies Trust plc will change its benchmark to the MSCI ACWI Small Cap Index Net, effective May 1, 2026, to better reflect the global smaller company equity market and simplify performance measurement. This change replaces the current benchmark, which is an 80% weighting to the MSCI All Country World ex UK Small Cap Index and a 20% weighting to the Deutsche Numis UK Smaller Companies Index. The company's investment policy and its fundamental research process for identifying high-quality, well-managed smaller companies at attractive valuations remain unchanged.

Disclaimer*

Global Smaller Cos. Trust PLC (The)

29 April 2026

The Global Smaller Companies Trust plc (the 'Company')

London Stock Exchange Announcement

Change of Benchmark

LEI: 2138008RRULYQP8VP386

The Board of the Company announces that following a review of its performance measurement framework, the Company's benchmark will change to the MSCI ACWI Small Cap Index Net, with effect from 1 May 2026, the commencement of the Company's next financial year.

Currently the Company's benchmark is a blend of two indices, namely the MSCI All Country World ex UK Small Cap Index (80% (net)) and the Deutsche Numis UK Smaller Companies (excluding investment companies) Index (20%).

It is believed that this new benchmark is a better representation of the current composition of the global smaller company equity market and reduces complexity.

There is no change to the Company's investment policy. The Manager will continue to seek out the best investment opportunities from around the World, using the same fundamentals-based research process, that focuses on finding high quality, well managed, smaller companies that are available at attractive valuations.

29 April 2026

For further information please contact:

Ian Ridge

Columbia Threadneedle Investment Business Limited,

Company Secretary

Telephone: 020 7464 5000

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