THE BANKERS INVESTMENT TRUST PLC

As at close of business on 21 July 2016, the unaudited net asset value per share calculated in accordance with the AIC formula (including current financial year revenue items and excluding shares held in treasury) was 692.7p and the net asset value per share with debt marked at fair value was 688.1p.

As at close of business on 21 July 2016, the unaudited net asset value per share (excluding current financial year revenue items and shares held in treasury) was 683.8p and the net asset value per share with debt marked at fair value was 679.2p.

The Company's debentures are fair valued daily, based on their market value, while loan notes and short term borrowings are valued at par.

Wendy King

Henderson Global Investors

Telephone: 020 7818 4233