Result of AGM

Montanaro European Smaller C.TstPLC
27 June 2007


To:         Company Announcements

Date:       27 June 2007

Company:    Montanaro European Smaller Companies Trust plc

Subject:    Annual General Meeting Update

Montanaro European Smaller Companies Trust plc announces that, at the Annual
General Meeting held on 26 June 2007, all 14 resolutions proposed were duly
passed.

The full text of the resolutions can be found in the Notice of Annual General
Meeting set out in the Annual Report and Accounts for the year ended 31 March
2007, copies of which are available for viewing at the Document Viewing Facility
of the Financial Services Authority.


All Enquiries:

G R Hay Smith
F&C Investment Business Limited
020 7628 8000

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