MIGO Opportunities Trust plc Board had been made up of three Directors since the resignation of Michael Philipsin March 2022. To return to the more normal complement of four Directors, a search process was undertaken in Autumn 2022. Following a skills analysis of the Board, a review of possible candidates by an independent consultancy and interviews conducted by the Board, it was decided that both Lucy Costa Duarte and Ian Henderson were exceptional candidates and had a lot to offer to MIGO and that the appointment of both as independent non-executive Directors of the Company would be in shareholders?

interests. Further biographical details can be found below. Both Lucy and Ian have already shown their dedication to MIGO during the search for a new AIFM and Investment Manager in the course of numerous meetings and assessments of possible candidates.

Their input was invaluable and showed both the willingness and ability to get up to speed with MIGO and its requirements in order to provide the best solutions for shareholders. Both Lucy and Ian will stand for election by shareholders at the forthcoming AGM. The appointment of AVI as its new AIFM and Investment Manager means that Katya Thomson will no longer be considered independent under the AIC?s Code of Corporate Governance, as she also sits on the board of another AVI investment trust.

She has therefore taken the decision to step down from her role as non-executive director and Chairman of the Audit Committee once a replacement can be found.