Brown Advisory US Smaller Companies PLC commences share repurchases on February 13, 2024, under the program mandated by shareholders in the Annual General Meeting held on November 6, 2023. As per the mandate, the company is authorized to repurchase up to 1,791,629 shares, representing 14.99% of its share capital. The minimum price to be paid for repurchase should be its nominal value.

The maximum price to be paid fro repurchase should be the higher of105% of the average middle market quotations for such Ordinary share taken from the London Stock Exchange Daily Official List for the five business days immediately preceding the day on which such share is purchased and the higher of the price of the last independent trade and the highest current independent bid. The authority will expire at the next Annual General Meeting to be held in 2024. As of September 13, 2023, the company had 11,952,159 outstanding shares and 6,271,254 in treasury.