Director Declaration

BACIT Limited (the "Company")

(a closed-ended collective investment company incorporated under the laws of Guernsey with registered number 55514)

Director Declaration

21 November 2013

In compliance with Listing Rule 9.6.14, BACIT Limited announces that Mr Nicholas Moss, a Director, has informed the Company of his retirement/resignation from the board of directors on 20 November 2013, of Absolute Return Trust Limited, a Company which was listed on the London Stock Exchange prior to it being delisted and placed into liquidation on 20 November 2013.

Company website: www.bacitltd.com

Enquiries:

Northern Trust International Fund Administration Services (Guernsey) Limited

Email: [email protected]

Tel: +44 (0) 1481 745381