MITON WORLDWIDE GROWTH INVESTMENT TRUST PLC

    NOTICE OF EGM

    Miton Worldwide Growth Investment Trust plc (the "Company") announced on 24
    July 2015 that it intended to recommend proposals (the "Proposals") which,
    conditional on the continuation vote being passed at the AGM, introduced
    provisions providing Shareholders with opportunities to elect, in 2018 and then
    at three year intervals, to realise all or part of their Shareholding.

    The Company today announces that it is convening a General Meeting of the
    Company to be held on 9 September 2015, immediately preceding the AGM, to
    consider proposals as detailed below.

    Introduction

    The Company's Articles require currently that a continuation vote is held at
    every third Annual General Meeting. The next continuation vote is due to be
    proposed at the 2015 Annual General Meeting to be held immediately after the
    General Meeting convened by this Circular. For the reasons explained in more
    detail below and in the Annual Report of the Company for the year ended 30
    April 2015 the Board is recommending that Shareholders vote in favour of
    continuation at the 2015 Annual General Meeting and the Board is also putting
    forward in this Circular, and recommending that Shareholders vote in favour of,
    Proposals on the future structure of the Company. Under these Proposals,
    conditional on the continuation vote being passed at the 2015 Annual General
    Meeting, the Articles will be amended to remove the requirement for future
    continuation votes and instead to include provisions enabling Shareholders to
    elect, with effect from the 2018 Annual General Meeting, for the realisation of
    their Shares as described below.

    It is also proposed at the General Meeting to amend the management fees and the
    performances fees payable to the Manager under the Management Agreement.

    Continuation vote and future structure of the Company

    The Board is recommending that at the 2015 Annual General Meeting the
    Shareholders vote in favour of continuation.  We are aware that we are a
    smaller investment trust whose shares have traded at a discount since the last
    continuation vote and, with a view to addressing this, we are therefore at the
    same time recommending Proposals on the future structure of the Company,
    conditional on the continuation vote being passed.

    The Directors believe that the Company has a differentiated mandate adopting an
    investment approach that is not replicated by other trusts. As the investment
    trust sector continues to evolve, so too the Board believes it has to ensure
    our mandate and structure remain relevant. We believe the changes in the
    investment companies market mean the investment case for a broadly based
    mandate exploiting inefficiencies across all parts of the investment companies
    market, delivering capital growth whilst being aware of downside risks, is a
    strong as ever.

    We also recognise that many potential investors are now reluctant (or even
    unable) to invest in smaller less liquid vehicles. Those who may want to invest
    may find it hard to build a meaningful position. The discount therefore remains
    frustratingly wide and the Company cannot grow.

    We are therefore putting forward proposals to change the Articles, as described
    under "Realisation Opportunity" below, so that Shareholders will be offered the
    opportunity to elect to exit the Company at three year intervals. Our intention
    is to use the revised structure of the Company as a platform for a marketing
    strategy, but we believe we have to give existing Shareholders and potential
    new investors the opportunity of an unconditional realisation opportunity, if
    they are to have the confidence to commit more capital to the Company.

    The Board believes this opportunity will give potential investors greater
    confidence that they will not be trapped in a small illiquid trust trading at a
    discount. Importantly, this new structure (unlike tenders or buybacks) is
    aligned with the Manager's investment approach where the underlying investments
    are less liquid and Shareholder value can be best delivered by managing a
    closed-ended pool of investments and thereby not having to sell to meet
    short-term cash requirements.

    We believe and expect that many Shareholders will wish to remain invested in
    three years' time and continue to benefit from the investment strategy. At that
    stage there may be a new group of investment companies that have fallen out of
    favour and will have the potential to deliver attractive returns for our
    specialist approach.  Equally, we recognise that if insufficient Shareholders
    decide to remain invested in 2018, or at subsequent election dates, it will be
    appropriate for the entire portfolio to be realised rather than to perpetuate
    the Company's life. We believe smaller investment companies need to be bold or
    they will gradually lose appeal with the result that discounts and illiquidity
    become entrenched to the detriment of Shareholder value.

    The Board believes the Company's investment offering has wider appeal. We
    believe the structural changes should give potential investors reassurance on
    the liquidity of the Company and the running costs as expressed in the Ongoing
    Charges figure. If we continue to perform and market our shares effectively, we
    believe the Company can grow and become a more attractive vehicle to our
    Shareholders.

    In the event that the Company's Shares continue on average to trade at a
    material discount to NAV during the 30 calendar days preceding the date of the
    2016 Annual General Meeting, the Board will further review the Company's
    discount management policy, in consultation with the Company's major
    shareholders.

    Realisation Opportunity

    The Board is proposing that the Company's Articles be amended, conditional on
    the continuation vote being passed at the 2015 Annual General Meeting, to
    remove the requirement for future continuation votes and to include provisions
    enabling Shareholders to elect, with effect from the date of the 2018 Annual
    General Meeting, for the realisation of their Shares in accordance with the
    procedure described below. 

    A reminder of Shareholders' rights to elect to realise their Ordinary Shares at
    the 2018 Annual General Meeting and at each Annual General Meeting in every
    third year thereafter, will be sent to Shareholders with the notice of the
    Annual General Meeting to be held on each Reorganisation Date.

    It is intended that the Company will seek admission of the Realisation Shares
    to the Official List and, if required at the time the prospectus rules of the
    UK Listing Authority or by other law or regulation, a prospectus in relation to
    the Realisation Shares will be produced and sent to Shareholders at that time.
    It is anticipated that the cost of producing any such new prospectus will be
    apportioned to the Pools pro rata to the number of Ordinary Shares and
    Realisation Shares. Shareholders may elect to realise all or part of their
    holdings of Ordinary Shares in the Company by electing for Realisation with
    effect from the Reorganisation Date. Subject to the aggregate NAV of the
    continuing Ordinary Shares at the close of business on the last Business Day
    before the Reorganisation Date being not less than £30 million, each Ordinary
    Share in respect of which an election for Realisation has been made will be
    redesignated as a Realisation Share. The rights of holders of Ordinary Shares
    (being Shares in respect of which no election for Realisation has been made)
    and of Realisation Shares will be as follows: the Portfolio will be split into
    two separate and distinct Pools namely the Continuation Pool comprising the
    assets attributable to the continuing Ordinary Shares and the Realisation Pool
    comprising the assets attributable to the Realisation Shares (which assets will
    be managed in accordance with an orderly realisation programme with the aim of
    making progressive returns of cash to holders of Realisation Shares as soon as
    practicable) with effect from the Reorganisation Date. Elections for
    Realisation must be made not less than seven nor more than 28 days before the
    relevant AGM. Ordinary Shares held by Shareholders who do not submit a valid
    and complete election in respect of those Shares in accordance with the
    Articles during the Election Period will remain Ordinary Shares.

    It is anticipated that the Portfolio will be divided pursuant to the
    Realisation, as at the close of business on the Reorganisation Date between the
    Continuation Pool and the Realisation Pool with assets comprised in the
    Portfolio being apportioned to the Realisation Pool pro rata to the number of
    Ordinary Shares in respect of which elections for Realisation have been validly
    received and the remainder of the assets being apportioned to the Continuation
    Pool. The liabilities of the Company will be similarly apportioned as between
    the Pools with liabilities being apportioned to the Realisation Pool pro rata
    to the number of Ordinary Shares in respect of which elections for Realisation
    have been validly received and the remainder of the liabilities being
    apportioned to the Continuation Pool save that the costs and expenses of the
    realisation of the assets comprising the Realisation Pool will be attributed to
    the Realisation Pool and the costs and expenses of the Realisation will be
    apportioned between the Pools as the Board in its discretion deems fair and
    reasonable. Assets that are not divisible pro rata, due to their nature, will
    be apportioned between the Pools as the Board in its discretion deems fair and
    reasonable. Upon a future disposal of such assets, the disposal value will be
    similarly apportioned between each Pool. 

    The precise mechanism for any return of cash to holders of Realisation Shares
    will depend upon the relevant factors prevailing at the time and will be at the
    discretion of the Board, but may include a combination of capital
    distributions, share repurchases and tender offers.  The resolution to be
    proposed at the General Meeting to amend the Articles as described above will
    authorise such share repurchases and tender offers.  Shares repurchased from
    time to time will be cancelled. A resolution to renew the authority will be
    proposed at the Annual General Meeting of the Company to be held in 2017 and
    every third year after that.

    If one or more Realisation Elections are duly made and the net asset value
    attributable to the continuing Ordinary Shares (being those Ordinary Shares in
    respect of which Realisation Elections have been made) at the close of business
    on the last Business Day before the Reorganisation Date is less than £30
    million, the Realisation will not take place, no Ordinary Shares will be
    redesignated as Realisation Shares and the Portfolio will not be split into the
    Continuation Pool and the Realisation Pool.  In this circumstance, with effect
    from the Reorganisation Date, unless the Directors have previously been
    released from this obligation by an extraordinary resolution, the investment
    objective and investment policy of the Company will become to realise the
    Company's assets on a timely basis with the aim of making progressive returns
    of cash to Shareholders as soon as practicable. The Directors will seek to
    realise the Company's assets as efficiently and at as much value as is
    possible.

    Related party transaction

    If the proposal to amend the Articles is approved, then the management and
    performance fees payable by the Company to the Manager will be amended to
    reflect new fee arrangements in respect of the share reorganisation (the "
    Related Party Transaction") as follows:

    Charge based on: Management fee           Performance fee - based on cash     
                                              realised                            
                                                                                  
    Ordinary Shares  The management fee       The existing performance fee will   
                     relating to the Ordinary cease to be payable. Performance    
                     Shares shall be          fees will only be payable in future 
                     calculated at an annual  by the Company in respect of the    
                     rate of 0.65% (increased realisation of assets in the        
                     from 0.5%)               Realisation Pool or the realisation 
                     of the adjusted market   of assets where the Company as a    
                     capitalisation of the    whole moves onto a realisation      
                     Ordinary Shares valued   basis.                              
                     at the close of business                                     
                     on the last Business Day                                     
                     of each month. The                                           
                     management fee accrues                                       
                     daily and is payable in                                      
                     arrears in respect of                                        
                     each calendar month.                                         
                                                                                  
    Realisation      The management fee       The performance fee will be 15% of  
    Shares           relating to Realisation  all cash realised and returned to   
                     Shares shall be          holders of Realisation Shares from  
                     calculated at an annual  the realisation of assets in the    
                     rate of 0.5% of the      Realisation Pool in excess of the   
                     adjusted market          Hurdle* and will become payable once
                     capitalisation of the    the aggregate net asset value of    
                     Realisation Shares       undistributed assets (including     
                     valued at the close of   cash) remaining in the Realisation  
                     business on the last     Pool is less than 5% of the         
                     Business Day of each     aggregate net asset value of the    
                     month. The management    assets in the Realisation Pool on   
                     fee accrues daily and is relevant Reorganisation Date.       
                     payable in arrears in                                        
                     respect of each calendar There will be no annual cap on this 
                     month.                   fee.                                
                                                                                  
                                                                                  
    Where Company as The management fee will  The performance fee will be 15% of  
    a whole moves    be calculated at an      all cash realised from the          
    onto realisation annual rate of 0.5% of   realisation process in excess of the
    basis            the adjusted market      Hurdle* and will become payable once
                     capitalisation of the    the                                 
                     Company valued at the    aggregate net asset value of        
                     close of business on the undistributed assets (including     
                     last Business Day of     cash) is less than 5% of the        
                     each month. The          aggregate net asset value of the    
                     management fee accrues   Company on the relevant             
                     daily and is payable in  Reorganisation Date.                
                     arrears in respect of                                        
                     each calendar month.     There will be no annual cap on this 
                                              fee.                                
                                                                                  

    *Hurdle: the Hurdle shall be an amount per share equivalent to interest at a
    rate equal to 3 month sterling LIBOR on Reorganisation Date plus 5% per annum,
    measured from the date on which Resolution 1 to be proposed at the General
    Meeting becomes effective and calculated by reference to the net asset value
    per Ordinary Share as at that date, until to the date when the aggregate net
    asset value of undistributed assets (including cash) remaining in the relevant
    pool is

    (a) where the Company operates a continuation pool and a realisation pool, 
    less than 5% of the aggregate net asset value of the assets in the Realisation
    Pool on the relevant Reorganisation Date; or

    (b) where the Company as a whole has moved onto realisation basis, less than 5%
    of the aggregate net asset value of the Company on the relevant Reorganisation
    Date.

    These changes to the Management Agreement are classified as a related third
    party transaction under the UK Listing Rules and therefore the Board is
    required to seek Shareholders' approval for the amendments by way of an
    ordinary resolution at the General Meeting.

    Benefits of the Proposals

    The Proposals which Shareholders are being asked to consider and approve at the
    General Meeting are intended to have the following benefits for Shareholders:

      * the liquidity of the Shares is expected to be enhanced as Shareholders will
        have the opportunity to elect for realisation at three year intervals;
      * the demand for the Shares in the market is expected to grow, as potential
        investors will have greater confidence as to liquidity, which other things
        being equal, should influence the discount to NAV at which the Shares
        trade; and
      * the new structure will be aligned with the Manager's investment approach
        where the underlying investments are less liquid and Shareholder value can
        be best delivered by managing a closed-ended pool of investments.

    General Meeting

    The Resolutions are conditional on the approval by Shareholders of resolution
    numbered 10 set out in the notice of the Annual General Meeting of the Company
    to be held on 9 September 2015.

    Resolution number 1 will be proposed as a special resolution to amend the
    Articles as described above and to authorise the Company to repurchase
    Realisation Shares. Resolution number 2 will be proposed as an ordinary
    resolution to approve the proposed amendments to the Management Agreement.

    All Shareholders are entitled to attend and vote at the General Meeting. In
    accordance with the Articles, all Shareholders present in person or by proxy
    shall upon a show of hands have one vote and upon a poll shall have one vote in
    respect of each Share held. In order to ensure that a quorum is present at the
    General Meeting, it is necessary for two Shareholders entitled to attend and
    vote to be present, whether in person or by proxy (or, if a corporation, by a
    representative).

    All holders of Ordinary Shares are entitled to vote on the Resolutions. 
    However, the Manager has undertaken to abstain from voting on Resolution number
    2 and to take all reasonable steps to ensure that its associates and funds
    managed by it and its associates abstain from voting on that Resolution.

    Enquiries

    Miton Group plc
    David Barron
    DDI: +44 (0) 203 714 1474
    Email: david.barron@mitongroup.com

    Numis Securities Limited
    Nathan Brown, Corporate Broking and Advisory
    DDI: +44 (0) 20 7260 1426
    Email: n.brown@numis.com