Global Smaller Trust : Form of Proxy

The Global Smaller Companies Trust PLC

(AA111AAZZ)

SG340

Please detach this portion before posting this proxy form.

Annual General Meeting 2023

Additional Holders:

ADDITIONAL HOLDER 1

ADDITIONAL HOLDER 2

ADDITIONAL HOLDER 3

ADDITIONAL HOLDER 4

The Annual General Meeting of the Company will be held at the

Chartered Accountants Hall, 1 Moorgate Place, London, EC2R 6EA on Friday, 28 July 2023 at 12.00 noon.

Shareholder Reference Number

C1234567890

Cast your Proxy online...It's fast, easy and secure! @ www.eproxyappointment.com

You will be asked to enter the Control Number, Shareholder Reference Number (SRN) and PIN shown opposite and agree to certain terms and conditions.

View the 2023 Annual Report online: globalsmallercompanies.co.uk

Control Number: 918618

SRN: C1234567890

PIN: 1234

Kindly Note: This form is issued only to the addressee(s) and is specific to the All Named Holders unique designated account printed hereon. This personalised form is not transferable between different (i) account holders; or (ii) uniquely designated accounts. The Company and Computershare Investor Services PLC accept no liability for any instruction that does not comply with these conditions.

All Named Holders

ADDITIONAL HOLDER 1 ADDITIONAL HOLDER 2 ADDITIONAL HOLDER 3 ADDITIONAL HOLDER 4

Explanatory Notes:

1. Every holder has the right to appoint another person or persons of their choice, who need not be a shareholder, as their proxy to exercise all or any of their rights, to attend, speak and vote on their behalf at the meeting. If you wish to appoint a person other than the Chairman, please insert the name of your chosen proxy in the space provided. If the proxy is being appointed in relation to less than your full voting entitlement, please enter in the box next to the proxy holder's name the number of shares in relation to which they are authorised to act as your proxy. If left blank your proxy will be deemed to be authorised in respect of your full voting entitlement (or if this Proxy Form has been issued in respect of a designated account for a shareholder, the full voting entitlement for that designated account(s)).
2. To appoint more than one proxy, (an) additional Proxy Form(s) may be obtained by contacting the Registrar's helpline on 0370 889 4088 or you may photocopy this form. Please indicate in the box next to the proxy holder's name the number of shares in relation to which they are authorised to act as your proxy. Please also indicate by ticking the box provided if the proxy instruction is one of multiple instructions being given. All forms must be signed and should be returned together in the same envelope.
3. The 'Vote Withheld' option is provided to enable you to abstain on any particular resolution. However, it should be noted that a 'Vote Withheld' is not a vote in law and will not be counted in the calculation of the proportion of the votes 'For' and 'Against' a resolution.

1. Pursuant to regulation 41 of the Uncertificated Securities Regulations 2001, entitlement to attend and vote at the meeting and the number of votes which may be cast thereat will be determined by reference to the Register of Members of the Company at close of business on Wednesday 26 July 2023. Changes to entries on the Register of Members after that time shall be disregarded in determining the rights of any person to attend and vote at the meeting.
2. To appoint one or more proxies or to give an instruction to a proxy (whether previously appointed or otherwise) via the CREST system, CREST messages must be received by the Issuer's agent (ID number 3RA50) not later than 48 hours before the time appointed for holding the meeting. For this purpose, the time of receipt will be taken to be the time (as determined by the timestamp generated by the CREST system) from which the Issuer's agent is able to retrieve the message. The Company may treat as invalid a proxy appointment sent by CREST in the circumstances set out in Regulation 35(5)
   (a) of the Uncertficated Securities Regulations 2001.
3. The address overleaf is how it appears on the Register of Members. If this information is incorrect please ring the Registrar's helpline on 0370 889 4088 to request a change of address form or go to www.investorcentre.co.uk to use the online Investor Centre service.
4. Any alterations made to this form should be initialled.
5. Completion of this form of proxy will not prevent a shareholder from attending the AGM and voting in person should they so wish.

* For the appointment of more than one proxy, please refer to Explanatory Note 2 (see front).

Please mark here to indicate that this proxy appointment is one of multiple appointments being made.

Please use a black pen. Mark with an X inside the box as shown in this example.

X

1. To receive and adopt the Directors' report and accounts for the year ended 30 April 2023.
2. To approve the Directors' Remuneration Policy.
3. To approve the Directors' Annual Remuneration Report.

4. Declaration of a final dividend.

5. To re-elect Nick Bannerman as a Director.

6. To re-elect Graham Oldroyd as a Director.

7. To re-elect Anja Balfour as a Director.

9. To re-elect David Stileman as a Director.

1. To reappoint BDO LLP as auditors to the Company.
2. To authorise the Audit and Management Engagement Committee to determine the remuneration of the auditors.

12. Authority to allot shares.

Special Resolutions

13. Disapplication of pre-emption rights.

14. Share buyback authority.

15. Notice period for meetings.