Board Changes - Appointment of New Director

24 October 2023

Odyssean Investment Trust PLC

Board Changes

The Board of Odyssean Investment Trust PLC ("OIT" or the "Company") is pleased to announce the appointment of Linda Wilding as an independent non-executive director of the Company with effect from 25 October 2023. It is intended that Linda will be appointed as Chair of the Company with effect from 31 March 2024.

Jane Tufnell intends to step down as Chair and non-executive director of the Company with effect from 31 March 2024 as part of OIT's ongoing succession planning, having served as Chair since the launch of the Company in April 2018.

Linda is currently a non-executive director of Balanced Commercial Property Trust Limited, Sherborne Investors (Guernsey) C Limited and Wesleyan Assurance Society and has held a number of non-executive director roles previously including on the boards of Electra Private Equity plc and UDG Healthcare plc. The majority of Linda's executive career was spent within the private equity division at Mercury Asset Management plc. She is a Chartered Accountant and holds a PhD in Biochemistry.

Arabella Cecil, Senior Independent Director, commented:

"We are delighted to welcome Linda to the OIT Board. The depth of her knowledge and understanding of both public and private markets and her experience within the investment trust sector means Linda is well placed to take the Company forward into the next phase of its development.

I would like to extend the Board's thanks to Jane who has been instrumental in the growth of the Company since launch and leaves OIT well positioned to continue to deliver for shareholders for many years to come."

Linda currently holds 106,000 ordinary shares in the Company.

There is no further information to be disclosed under Listing Rule 9.6.13R(2) to (6).

Enquiries:

Mark Pope

On behalf of Frostrow Capital LLP,

Company Secretary to Odyssean Investment Trust PLC

Tel: 0203 008 4913