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The Scottish Investment Trust PLC (SIT), one of the oldest investment trusts within the Global Growth category, announces its interim results.

Over the half year to 30 April 2006, SIT’s NAV (net asset value per stock unit with borrowings taken at par) rose by 19.5%, comfortably ahead of the company’s new principal comparator indices – the FTSE All-World Index™ (+13.5%) and the UK FTSE All-Share Index™ (+15.4%).

Over the period SIT’s stock price rose by 22.0% reflecting the increase in NAV and a slight narrowing of the discount.

This performance reflected strong contributions from SIT’s global listed portfolio, which has outperformed significantly since changes were made to the investment approach in early 2004 when SIT’s regional portfolios were restructured into one single global portfolio and a common investment process across the regions was introduced. In so doing, the number of listed holdings was reduced from over 200 to less than 120.

The NAV performance also benefited from the tender offer in February and ordinary stock repurchases.

Since the introduction of the current investment approach in January 2004, the listed portfolio has performed strongly, rising 46.6% compared with the 34.6% increase in the FTSE All-World Index™ and 40.6% in the FTSE All-Share Index™.

According to the AITC (figures provided by Fundamental Data with dividends reinvested, before expenses are deducted) an investment of £100 in SIT over the year to 30 April 2006 would have grown by 48% turning into £148. £100 over 5 years to 30 April 2006 would be worth £120 and over 10 years £100 would have more than doubled to £209.

Editors’ Notes:

The Scottish Investment Trust PLC (SIT)

The Scottish Investment Trust PLC is a global growth investment trust which, unlike the majority of investment trusts, is independent and self-managed. Established in 1887, SIT invests in companies traded on the world’s major stockmarkets. SIT is managed with the objective of providing investors, over the longer term, with above average returns through a diversified portfolio of international equities and achieving dividend growth ahead of UK inflation.

SIT’s wholly-owned subsidiary, SIT Savings Ltd, SIT offers an investment trust savings scheme - STOCKPLAN; tax efficient products – The SIT ISA and The SIT PEP Transfer; and an investing for children scheme - STOCKPLAN: A Flying Start.

Further information can be found at:

The Scottish Investment Trust PLC
Telephone: 0131 225 7781
Email: heather@sit.co.uk
SIT Website: www.sit.co.uk

Past performance will not necessarily be repeated and is no guide for, or guarantee of, future returns. The value of shares and the income from them can go down as well as up as a result of market and currency fluctuations and investors may not get back the amount originally invested. SIT has a long term policy of borrowing money to invest in equities in the expectation that this will improve returns for stockholders. However, if markets fall, these borrowings will magnify any losses.

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