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Announcement of new non-executive chairman James Will

The Board of The Scottish Investment Trust PLC (SIT) is pleased to announce that James Will has been appointed non-executive chairman of the company with effect from SIT’s AGM on Friday 29 January 2016. He was appointed as a non-executive director to SIT’s board in May 2013.

James Will is a former chairman of law firm Shepherd and Wedderburn LLP where he was a senior corporate partner, heading its financial sector practice. He has extensive experience of working with companies in a wide range of industry sectors including financial services, technology, energy and life sciences. He is currently a non-executive director of Herald Investment Trust PLC and is a former council member of CBI Scotland.

With the appointment of his successor as chairman, Douglas McDougall retired from the Board at the conclusion of SIT’s AGM.

James Will commented: “The Board and I would like to thank Douglas for his leadership and contribution to The Scottish Investment Trust as a director and as chairman. SIT offers investors low cost access to global investment opportunities and has a long track record of dividend growth. I look forward to working with the management team and the Board to continue to provide a long-term attractive return for shareholders.”