Schroder UK Mid Cap Fund plc announced that, as part of the ongoing refreshment of the Board, Mr. Peter Timms will retire as a Director and Chairman of the company with effect from 30 June 2014. Mr. Eric Sanderson, a non-executive Director of the company, will succeed Mr. Timms as Chairman with effect from the same date. Mr. Timms has served as a non-executive Director of the Company since 1989 and as Chairman since 2000.