The Directors of the Edinburgh Investment Trust plc (the Company) have been informed by Liontrust Fund Partners LLP (Liontrust) that James de Uphaugh, the Company's portfolio manager, will retire in February 2024 after 36 years in the industry. James will continue to manage the Company's portfolio until February and will then be replaced as portfolio manager by his colleague Imran Sattar. As part of the succession, Imran has been appointed the Company's deputy portfolio manager, replacing Chris Field who is due to retire from Liontrust in November.

The Directors thank James and Chris for their careful stewardship of the Company's portfolio and strong investment results since the appointment of the investment management team in March 2020. Imran has been a member of the Liontrust Global Fundamental Team (GFT) since 2018, managing UK equity client portfolios jointly alongside James and Chris. Imran is also lead manager for another UK equity strategy in his own right.

Before joining the GFT, he was a Managing Director and Fund Manager at Blackrock, where he managed UK equity funds with combined assets of over £2 billion. Imran joined Mercury Asset Management (now Blackrock) in 1997. He will become head of the GFT in February 2024.

Once in place as the Company's portfolio manager, Imran will continue to apply the same flexible investment process that has been the hallmark of the portfolio since March 2020. Other than the change of portfolio manager, there will be no change to the Company's two investment objectives, strategy or the portfolio's key features - namely a high conviction portfolio of 40 to 50 differentiated holdings, primarily invested in UK equities, underpinned by fundamental company research. Imran, like James, will also be supported by a collegiate team of nine fund managers and analysts: the depth of experience across the GFT will be an important factor to ensure the repeatability of attractive long-term returns in the years ahead.