Scottish Mortgage Investment : Inv Tst PLC - Issue of Equity

Scottish Mortgage Investment Trust PLC

Allotment of Shares from Treasury

On 15 April 2015, owing to demand in the market, the Company announces the issuance of 1,000,000 Ordinary Shares of 5p each fully paid from Treasury. Following the issuance there will be 1,252,774,485 Ordinary Shares in issue (excluding the remaining 168,956,395 shares held in Treasury). These shares were issued for cash on 15 April 2015 at a price of 278.0p per share and at a premium to the prevailing net asset value.

Baillie Gifford & Co Limited

Company Secretaries

15 April 2015