BROWN ADVISORY US SMALLER CO'S PLC

Major Shareholding Notification • Dec 2, 2025

National Storage Mechanism | Additional information

RNS Number : 7701J

Brown Advisory US Smaller Cos. PLC

02 December 2025

TR-1: Standard form for notification of major holdings

1. Issuer Details

ISIN

GB0003463402

Issuer Name

BROWN ADVISORY US SMALLER COMPANIES PLC

UK or Non-UK Issuer

UK

2. Reason for Notification

An acquisition or disposal of financial instruments

3. Details of person subject to the notification obligation

Name

Saba Capital Management, L.P.

City of registered office (if applicable)

New York

Country of registered office (if applicable)

United States

4. Details of the shareholder

Name	City of registered office	Country of registered office
Saba Capital Master Fund, Ltd.		Cayman Islands
I-94 Partners Fund LP		United States
Stone Ridge Archimedes Sub-Master (Red) LP		United States
Saba Capital Pine Creek Fund, LP		United States
Saba K Fund, LP		United States
Saba Capital Income & Opportunities Fund II		United States
Saba Capital CEF Special Opportunities Master Fund 2, Ltd.		Cayman Islands
Saba Capital CEF Opportunities 2, Ltd.		Cayman Islands
Saba Capital CEF Opportunities 1, Ltd.		Cayman Islands
Saba Capital Income & Opportunities Fund		United States
Saba Capital Bluebird Fund, Ltd.		Cayman Islands
Saba Capital Arcadia Master Fund, Ltd.		Cayman Islands

5. Date on which the threshold was crossed or reached

28-Nov-2025

6. Date on which Issuer notified

01-Dec-2025

7. Total positions of person(s) subject to the notification obligation

	% of voting rights attached to shares (total of 8.A)	% of voting rights through financial instruments (total of 8.B 1 + 8.B 2)	Total of both in % (8.A + 8.B)	Total number of voting rights held in issuer
Resulting situation on the date on which threshold was crossed or reached	1.002566	13.045762	14.048328	1593936
Position of previous notification (if applicable)	0.975519	12.169167	13.144686

8. Notified details of the resulting situation on the date on which the threshold was crossed or reached

8A. Voting rights attached to shares

Class/Type of shares ISIN code(if possible)	Number of direct voting rights (DTR5.1)	Number of indirect voting rights (DTR5.2.1)	% of direct voting rights (DTR5.1)	% of indirect voting rights (DTR5.2.1)
GB0003463402	113752	0	1.002566	0.000000
Sub Total 8.A	113752		1.002566%

8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))

Type of financial instrument	Expiration date	Exercise/conversion period	Number of voting rights that may be acquired if the instrument is exercised/converted	% of voting rights
Sub Total 8.B1

8B2. Financial Instruments with similar economic effect according to (DTR5.3.1R.(1) (b))

Type of financial instrument	Expiration date	Exercise/conversion period	Physical or cash settlement	Number of voting rights	% of voting rights
Total Return Swap	12/15/2026		Cash	1480184	13.045762
Sub Total 8.B2				1480184	13.045762%

9. Information in relation to the person subject to the notification obligation

2. Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entities (please add additional rows as necessary)

Ultimate controlling person	Name of controlled undertaking	% of voting rights if it equals or is higher than the notifiable threshold	% of voting rights through financial instruments if it equals or is higher than the notifiable threshold	Total of both if it equals or is higher than the notifiable threshold
Boaz Weinstein	Saba Capital Management GP, LLC
Saba Capital Management GP, LLC	Saba Capital Management, L.P.			14.048328%

10. In case of proxy voting

Name of the proxy holder

The number and % of voting rights held

The date until which the voting rights will be held

11. Additional Information

12. Date of Completion

01-Dec-2025

13. Place Of Completion

New York

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