Scottish Investment Trust plc announced that Mr. Russell Napier has been appointed as a non-executive director of the company with effect from July 24, 2009. Russell Napier is a consultant global macro strategist with CLSA Asia-Pacific Markets, writing on issues impacting global equity markets. He began his investment career as an investment manager at Baillie Gifford managing funds in the Japanese, the US and then the South East Asian markets before moving to Foreign and Colonial Emerging Markets where he was responsible for managing Asian portfolios. He is a member of the investment advisory committee of The Endowment Fund managed by Cerno Capital Partners. In 2008 he became a limited partner of Cerno Capital and is a member of the investment advisory committee to Cerno's investment management team. He is also a member of the investment committee for the National Trust for Scotland.

Scottish Investment Trust plc reported unaudited earnings results for the year ended October 31, 2008. For the period, the company reported loss attributable to equity stockholders of £239,197,000 or 181.82 pence per ordinary share unit on total income of £22,653,000 compared return attributable to equity stockholders of £130,315,000 or 93.45 pence per ordinary share unit on total income of £23,704,000 for the same period last year. The board is recommending an increase of 4.4% in the regular dividend for the year to 9.50 pence per ordinary unit compared to 2007 dividend of 9.10 pence per ordinary unit, which compares with the October UK RPI annual inflation rate of 4.2%. Sir. George Mathewson retires from the board at the Annual General Meeting. He has been a most stimulating colleague over a long period of service to the company.

Scottish Investment Trust plc, Annual General Meeting, Jan 30, 2009, at 10:30 GMT Time. Location: Roxburghe Hotel, Charlotte Square, Edinburgh, United Kingdom.