Fixed Rate Note Borrowing

FOREIGN & COLONIAL INVESTMENT TRUST PLC

LEI: 213800W6B18ZHTNG7371

FIXED RATE NOTE BORROWING

Foreign & Colonial Investment Trust plc (the "Company") has agreed to issue fixed rate senior unsecured private placement notes of £75 million principal with a 30-year tenor, at a coupon of 2.92% ("the Notes"). The funding date for the Notes will be in May 2018.

The purpose of this transaction is to obtain further fixed rate long-dated Sterling denominated financing, on an unsecured basis, at pricing levels that the Company considers to be highly attractive. This funding will also have the beneficial effect of extending and diversifying the maturity profile of the Company's overall liabilities, with the net proceeds from the sale of the Notes being used for investment and other general corporate purposes. The weighted average interest on all structural borrowings following the transaction is expected to be approximately 2.8%. 

There has been no change in the Company's policy on gearing. Net gearing remains at approximately 7%.

For further information please contact:

F&C Investment Business Limited

Hugh Potter: 020 7628 8000

J.P. Morgan Cazenove - Corporate Broker

William Simmonds: 020 7742 4000

14 March 2018

Disclaimer:

The Notes have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Act") and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Act. This notice is for information only, does not constitute an offer to sell or the solicitation of an offer to buy any security and shall not constitute an offer, solicitation or sale of any securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.