Publication of a related party circular

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM, ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION

For immediate release

8 February 2017

THE SCOTTISH INVESTMENT TRUST PLC

LEI: 549300ZL6XSHQ48U8H53

Publication of a related party circular (the "Circular")

Further to its announcement of 1 February 2017, the Board of The Scottish Investment Trust PLC (the "Company") announces that it has today published the Circular setting out details of the proposed repurchase of Ordinary Shares from Aviva Investors Global Services Limited (in its capacity as investment manager) for and on behalf of Friends Life Limited ("Aviva"). This proposed repurchase is subject to shareholder approval as Aviva is currently a related party of the Company and, accordingly, the Circular contains a notice convening a General Meeting of the Company at which approval will be sought from shareholders for implementation of the repurchase. The General Meeting will be held at 10.00 a.m. on 6 March 2017 at the offices of Dickson Minto W.S., 16 Charlotte Square, Edinburgh EH2 4DF.

A copy of the Circular will shortly be made available on the Company's website (www.thescottish.co.uk) and submitted to the National Storage Mechanism, where it will be available for inspection at www.hemscott.com/nsm.do.

Enquiries

The Scottish Investment Trust PLC + 44 (0) 131 225 7781

James Will (Chairman)Alasdair McKinnon (Manager) 

Canaccord Genuity (Financial Adviser) + 44 (0) 20 7523 8000

Robbie Robertson

Andrew ZychowskiDavid Yovichic