Directorate Change

Smithson Investment Trust plc

Directorate Changes

The Board of Smithson Investment Trust plc (the "Company") announces the appointment of Mrs Sarika Patel as a non-executive Director and Audit Committee Chair. All changes are with immediate effect.

Mrs Patel is currently Chair of Aberdeen Equity Income Trust plc and serves as Chair of Action for Children as well as chairing the Audit and Risk Committees of SDCL Energy Efficiency Income Trust plc and Templeton Emerging Markets Investment Trust plc. She is an experienced business leader having worked as a senior corporate finance professional at Zeus Caps (a principal investment and advisory platform focused on infrastructure and related sectors operating in India, Europe and the Middle East) and Grant Thornton.

Previously Mrs Patel was Audit and Risk Committee Chair of both Foresight Sustainable Forest Company and Sequoia Economic Infrastructure Income Fund and also served as a non-executive Director of the Office for Nuclear Regulation. She is a chartered accountant, a chartered marketer, and holds an LLB from the University of Mumbai and an MSC E-business from the University of the West of Scotland. Mrs Patel holds no shares in the Company.

In accordance with the Listing Rules, there are no further matters required to be disclosed pursuant to UKLR 6.4.8R, and, Mrs Patel currently has no beneficial interests in the shares of the Company.

Mr Mike Balfour commented:

"I am delighted to welcome Sarika Patel to the Smithson Investment Trust Board. She brings extensive experience in investment trusts and the wider financial services sector, having served as Chair and Audit & Risk Committee Chair across a number of boards. Her expertise and insight will be a valuable addition to the Smithson Board."

For further information please contact:

Apex Listed Companies Services (UK) Limited +44 (0) 20 3327 9720

Company Secretary

LEI Number: 52990070BDK2OKX5TH79