Martin Currie Portfolio Investment Trust plc (LSE:MNP) commences share repurchases on June 16, 2022, under the program mandated by the shareholders in the Annual General Meeting held on June 16, 2022. Under the program, the fund will repurchase up to 12,836,001 shares, representing 14.99% of its issued shares capital. The minimum price which may be paid for an ordinary share is 5 pence, which amount shall be exclusive of expenses and the maximum price (exclusive of expenses) which may be paid for an ordinary share shall be not more than the higher of 5% above the average of the mid-market quotations for an ordinary share of the company as derived from the daily official list of the London Stock Exchange for the five business days immediately preceding the date of purchase and the higher of the last independent trade and the highest current independent bid on the London Stock Exchange.

The authority is valid till the next Annual General Meeting in 2022 or for 15 months, whichever is earlier.