New Revolving Credit Facility

RNS Number : 7084J

Mercantile Investment Trust(The)PLC

23 December 2020

LONDON STOCK EXCHANGE ANNOUNCEMENT

THE MERCANTILE INVESTMENT TRUST PLC

(the 'Company')

New Revolving Credit Facility

Legal Entity Identifier: 549300BGX3CJIHLP2H42

The Board of The Mercantile Investment Trust plc is pleased to announce that it has today entered into a two year revolving credit facility for £100 million with the London Branch of The Bank of Nova Scotia.

This facility is in addition to the existing £178.85 million (at par value) of long dated debt instruments already in issue by the Company and will be used to provide portfolio gearing.

The Company's existing gearing range of 10% net cash to 20% geared remains unchanged.

JPMorgan Funds Limited,

Company Secretary

23rd December 2020

For further information, please contact:

Richard Plaskett

Alison Vincent

JPMorgan Funds Limited

020 7742 4000

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