Directorate Change

SEC S.p.A. ("SEC" or the "Company"),

Directorate Update

SEC makes the following disclosures pursuant to the AIM Rules for Companies.

David Mathewson was appointed a Director of Martin Currie High Income Trust plc ('MCHIT') on 15 July 1998. MCHIT entered voluntary creditors liquidation on 24 June 2005 and was dissolved on 9 June 2007. At the time of winding up, MCHIT's bank, Bank of Scotland, agreed that in return for MCHIT paying to it substantially all of the proceeds of sale of MCHIT's remaining investments, it would forego its rights to proceed against MCHIT for the full amount due to it. MCHIT disposed of its remaining investments and retained an amount sufficient to satisfy the known claims of other creditors and the costs of the voluntary winding up and paid the remaining proceeds of disposal to the Bank. This information was in error not included in the Company's Admission Document, dated 20 July 2016.

For more information:

SEC S.p.A.

Fiorenzo Tagliabue (CEO): Telephone: +39 335 6008858

Cesare Valli (COO): Telephone: +39 335 202011

WH Ireland

Katy Mitchell: Telephone: +44 207 220 1666