Director Appointment

RNS Number : 7018H

North American Income Trust (The)

17 March 2015

THE NORTH AMERICAN INCOME TRUST PLC ('NAIT')

Board Appointment

The Board of The North American Income Trust is pleased to announce the appointment of Lady Susan Rice as an independent non-executive Director of the Company with effect from 17 March 2015.

Susan Rice is a chartered banker and is currently the President of the Scottish Council of Development and Industry, the Chair of Scotland's new Fiscal Commission, Vice-Chair of Scotland's 2020 Climate Change Group and a non-executive director of J Sainsbury's and Big Society Capital. Her previous roles include managing director of Lloyds Banking Group Scotland, chairman and chief executive of Lloyds TSB Scotland and a non-executive director of the Bank of England and SSE plc. Originally from the US, her early career was at Yale and Colgate universities and then at NatWest Bancorp

She also chairs the Boards of the Edinburgh International Book Festival, the Edinburgh Festivals Forum and the Governors of the National Galleries of Scotland and was formerly a Non-Executive Director of Scotland's Futures Forum.

Susan Rice currently has no beneficial interests in the shares of the Company.

There are no disclosures required under Section 9.6.13 (2) to (6) of the Financial Services Authority Listing Rules.

For The North American Income Trust plc

Aberdeen Asset Management PLC, SECRETARY

17 March 2015