Directorate change

THE TAVERNERS TRUST PLC
Appointment of a Director

The Board of Directors of The Taverners Trust PLC (the "Company") is pleased to
announce the appointment of Mr. Ian Davis as a Director of the Company with
effect from 1 November 2004.  It is intended that Mr. Davis will be appointed to
chair the Board's Audit Committee in due course.

Mr. Davis, aged 44, was formerly a Director of Corporate Finance with Hoare
Govett Limited until 2002 having previously worked in Equity Capital Markets at
de Zoete & Bevan Limited and corporate finance at Baring Brothers & Co. Limited.
Prior to this Mr. Davis qualified as a chartered accountant with Price
Waterhouse.

Commenting on the appointment Mr. Hubert Reid, Chairman, said: "Ian's impressive
knowledge of the investment trust sector coupled with his corporate finance,
broking and accounting background will prove invaluable to the Board."

There are no disclosures required to be made under Paragraph 16.4 of the UKLA's
Listing Rules.

Mr. Davis currently has no beneficial interest in the shares of the Company.


29 October 2004.

Enquiries:
Robert Hoskin
Aberdeen Asset Management PLC - Company Secretary
020 7463 6000