Transaction in Own Shares

To: RNS

From: The Scottish Investment Trust PLC

LEI: 549300ZL6XSHQ48U8H53

Date: 10 November 2017

On 10 November 2017 the company purchased in the market for cancellation 50,000 shares of 25p at a price of 841.34p each. Upon cancellation the issued share capital will be 79,268,517 shares of 25p.

The above figure (79,268,517) is the total number of voting rights in the company and may be used by shareholders as the denominator for the calculations of their interest in the Company under the FCA's Disclosure Guidance and Transparency Rules.

For further information please contact:

Michael Woodward / Philip Rorke

0131 550 3761 / 3762

Maitland Administration Services (Scotland) Limited