Global Smaller Trust : Form of Direction

The Global Smaller Companies Trust PLC

Annual General Meeting 2023

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Shareholder Reference Number

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

Form of Direction - Savings Plans

Cast your voting direction online 24/7...It's fast, easy and secure! @ www.eproxyappointment.com

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

Control Number: 917983

SRN. C1234567890

PIN. 1234

To view the 2023 Annual Report online visit: globalsmallercompanies.co.uk

To ensure that your voting directions are included, please complete the Form of Direction on the reverse and return it in the reply paid envelope to

Computershare Investor Services PLC by Friday, 21 July 2023 at 12.00 noon. Alternatively, you may use the internet as directed above.

29 June 2023

Dear Planholder

The 2023 Report and Accounts, including the Notice of Meeting, has now been published. You will find it enclosed or a notification which explains where you can view the full information online.

The AGM will take place at the Chartered Accountants Hall, 1 Moorgate Place, London EC2R 6EA on Friday, 28 July 2023 at 12.00 noon. We hope as many shareholders as possible will attend. The Manager will, as usual, give a review of the year together with his view on the outlook. This year we will also be streaming the meeting live on the internet so that those shareholders who cannot attend in person will be able to view the proceedings.

You are welcome to view the meeting online by registering online and adding the Company by following this link: https://www.investormeetcompany.com/the-global-smaller-companies-trust-plc/register-investor.

Voting at this year's AGM will be conducted by way of a poll and therefore you are requested to lodge your votes ahead of the meeting by completing and returning this Form no later than 12.00 noon on Friday, 21 July 2023. Its completion and return will not preclude you from attending the meeting and voting in person.

Yours faithfully

Columbia Threadneedle Investment Business Limited

Company Secretary

Kindly Note: This form is issued only to the addressee(s) and is specific to the 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

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Explanatory Notes:

1. Please complete Box A. If both boxes are completed, the person named in Box B shall be appointed in accordance with Box B and the completion of Box A shall be disregarded.
2. In completing Box A, please indicate how you wish State Street Nominees Limited (the 'Nominee Company') to direct the Chairman of the meeting to vote by placing a cross in the appropriate box, For, Against or Vote Withheld. If no indication is given in respect of a resolution, the nominee company will direct the Chairman to vote your shares in respect of that resolution at his discretion.
3. The "Vote withheld" option is provided to enable you to direct the Chairman to abstain on any particular resolution should you so wish.
4. If the form has been signed with neither Box A or B completed, the Nominee Company will direct the Chairman to vote your shares at his/her discretion.

1. A proportional voting arrangement operates for the savings plans. The purpose of the proportional voting arrangement is to ensure that planholders are fairly and fully represented at shareholder meetings. The nominee company will only implement the proportional voting arrangement if valid Forms of Direction representing a minimum threshold of at least 5% of the shares held by planholders within the savings plans are received. A maximum limit of 718,000 shares that any one individual investor can vote, being approximately 5% of the minimum threshold, will also apply. Any shares voted by an investor in excess of the maximum limit will remain valid, but will not form part of the proportional voting basis.
2. The final box in Box A should not be marked unless for any reason you do not want your voting directions included in the proportional voting arrangement.
3. On any motion to amend any resolution, to propose a new resolution or to adjourn the meeting, or on any other motion or resolution put to the meeting, the proxy will vote or abstain at his discretion.
4. By signing this Form of Direction, a joint planholder warrants that he/she has authority to sign for and on behalf of his/her fellow joint investors.

Form of Direction

Please read the notice of meeting and the Explanatory Notes on the completion of this form.

With reference to the Annual General Meeting of The Global Smaller Companies Trust PLC (the 'Company') to be held
on Friday, 28 July 2023 at 12.00 noon, I/we, being the registered investor/contact in ordinary shares in the Company under
the Columbia Threadneedle Investment Trust ISA, Lifetime ISA, Junior ISA, Child Trust Fund, General Investment Account	C1234567890	A B C D
and/or Junior Investment Account, hereby direct State Street Nominees Limited (as the registered holder of such shares) to

appoint EITHER:

BOX A

the Chairman of the meeting as proxy in respect of such shares and to direct such proxy to vote (on a poll only) at the Annual General Meeting of the Company to be held on Friday,

28 July 2023 at 12.00 noon and at any adjournment thereof on the resolutions set out in the notice convening the meeting as follows:

FOLD

. . . . . . . .

HERE

		Vote
Ordinary Resolutions
For	Against withheld

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.

8. To re-elect Josephine Dixon as a Director.

Vote

For Against withheld

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

10. To reappoint BDO LLP as auditors to the Company.

11. 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.

FOLD

. . . . . . . .

HERE

Only mark this final box if, for any reason, you wish your shares to be excluded from Columbia Threadneedle's proportional voting arrangement. Please refer to notes 5 & 6 above.

OR

BOX B By placing an "X" in the box

I wish to attend the Annual General Meeting and hereby request State Street Nominees Limited to appoint me as proxy in respect of such shares to enable me to attend and vote at my discretion at the Annual General Meeting of the Company to be held on Friday, 28 July 2023 at 12.00 noon and at any adjournment thereof.

I/we agree that unless this Form of Direction is received by the Company's registrars, Computershare Investor Services PLC, The Pavilions, Bridgwater Road, Bristol BS99 6ZY, not later than 12.00 noon on Friday, 21 July 2023, State Street Nominees Limited shall not be obliged to act on any directions subsequently received via such form in relation to the meeting in respect of the shares registered in its name.

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