Statement re (Appointment of

RNS Number : 0978H

Scottish Mortgage Inv Tst PLC

31 October 2008

 



SCOTTISH MORTGAGE INVESTMENT TRUST PLC

Appointment of Director

The Board is pleased to announce the appointment of Professor John Kay as a Director of the Company with effect from 11 December 2008. 

John Kay has a distinguished record as an economist, academic, author and commentator on business, government and economic issues. He is a Visiting Professor at the London School of Economics, a Director of Law Debenture Corporation p.l.c., Value and Income Trust PLC and a member of the Scottish Government's Council of Economic Advisers. 

The Chairman of Scottish Mortgage, Sir Donald MacKay said:  'I am particularly pleased to welcome John Kay to the Board. His considerable experience and wide reaching knowledge combined with his pragmatic approach will be of considerable benefit to the shareholders, managers and board alike'  

There is no further information required to be disclosed under Listing Rule 9.6.13.

Baillie Gifford & Co

Managers and Secretaries

30 October 2008

Notes to Editors

Scottish Mortgage Investment Trust PLC is a low cost investment trust that aims to maximise total return over the long term from a focused and actively managed portfolio of equities. It invests globally, looking for strong businesses with above-average returns. 

Scottish Mortgage is managed by Baillie Gifford & Co, the Edinburgh based fund management group with around £38 billion under management and advice as at 30 October 2008.

More information about John Kay can be found at www.johnkay.com and about Baillie Gifford and Scottish Mortgage at www.bailliegifford.com .

 

END

 

 

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