To ensure compliance with the Alternative Investment Fund Managers Directive (AIFMD), the Board of The Scottish Investment Trust PLC (the Company) has approved the appointment of its wholly-owned subsidiary, SIT Savings Limited (SIT Savings), as the Company’s Alternative Investment Fund Manager (AIFM) under the terms of, and subject to the conditions of, an agreement between the Company and SIT Savings.

SIT Savings was approved as an AIFM by the Financial Conduct Authority on 22 July 2014.

The Company has appointed Northern Trust Global Services SE to act as the Company’s depositary as required by the AIFMD and has concluded an appropriate agreement between the Company, SIT Savings and the depositary.

SIT Savings Ltd. Pillar 3 Disclosure