The Board of The Brunner Investment Trust PLC announces that Lucy Macdonald has stepped down as portfolio manager of the Company. Matthew Tillett, who has worked closely with Lucy on Brunner for a number of years, will lead the management of the portfolio supported by global equity managers Jeremy Kent, a long standing member of Lucy's team, and Marcus Morris-Eyton, a long standing member of the European Growth team of Allianz Global Investors (AllianzGI), the Company's investment manager.