Fundsmith Emerging Equities Trust plc announced that David Potter, John Spencer and all joined the Board at the Company's inception in 2014 and the Board has given much thought as to how an orderly refreshment and succession process will work. After discussion and extensive consultation with advisers by Rachel de Gruchy and Professor Heather McGregor, it has been agreed that David Potter, who serves as the Company's Senior Independent Director and Chairman of the Management Engagement Committee, will retire at the conclusion of this year's Annual General Meeting and so will not stand for re-election. John Spencer will succeed David as the Senior Independent Director and Rachel de Gruchy will become Chair of the Management Engagement Committee.

John Spencer will retire at the conclusion of the 2023 Annual General Meeting. Heather McGregor will take over as Chair of the Audit Committee following John's retirement.