SMT Scottish Mortgage Investment Trust Plc

TIDMSMT TIDMSMT

RNS Number : 6345N

Scottish Mortgage Inv Tst PLC

01 October 2021

Scottish Mortgage Investment Trust PLC

Appointment of Director

The Board is pleased to announce the appointment of Mark FitzPatrick as a non-executive director of Scottish Mortgage Investment Trust PLC.

Mr FitzPatrick is Group Chief Financial Officer & Chief Operating Officer of Prudential plc, a provider of life and health insurance and asset management exclusively focused on Asia and Africa . He is a member of Prudential's Group Executive Committee and Board and has overall responsibility for the Group's Financial and Operational functions, including Actuarial, Strategy, Legal and Corporate Affairs.

Prior to joining Prudential in July 2017, Mr FitzPatrick was the Managing Partner, Clients and Markets at Deloitte and a member of the Executive Committee. Mr FitzPatrick worked at Deloitte for 26 years, advising global insurance and investment management clients. He held a range of Executive leadership roles and was Vice Chairman of Deloitte between 2011 and 2015. Mr FitzPatrick previously led Deloitte's Insurance & Investment Management Audit practice and its Insurance Industry practice.

The appointment of Mr FitzPatrick will take effect from 5 October 2021 and he will become Chairman of the Audit Committee with effect from 1 April 2022. The appointment of Mr FitzPatrick as a director falls to be ratified by shareholders at the Annual General Meeting of the Company to be held in 2022.

The Senior Independent Director of Scottish Mortgage, Mr Justin Dowley, said:

"I am very pleased that Mr FitzPatrick has agreed to join the Board. He has extensive and relevant business and finance experience and will undoubtedly make a valuable contribution to the Company."

There is no information required to be disclosed under Listing Rule 9.6.13.

Baillie Gifford & Co Limited

Managers and Secretaries

30 September 2021

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